Bank Islam Trust Company (Labuan) Ltd (Company No: LL04013) Bank Islam Trust Company (Labuan) Ltd ("BTL" or "the Company") was incorporated as an offshore company under the Offshore Companies Act 1990 on 20 November 2003 . BTL is a wholly-owned subsidiary of Bank Islam Malaysia Berhad . The principal activity of the Company is to carry on business as a trust company in Labuan which o ffers various services including but not limited to the formation and management of offshore companies.