@ Halal | MARCH-APRIL . 2023
Contents
P04
Joining forces Ghassan Aboud Group and Halal Quality Control Group join forces to accelerate halal economy growth in the UAE and beyond
P05
Halal food gaining popularity in the US Halal restaurant openings have outpaced , reflecting Muslims ’ increased economic participation in America
P06
Setting halal benchmarks for entrepreneurs Value of Malaysia ’ s domestic halal market to increase to RM400 billion
P07
Empowering local SMEs Government agencies will be available to support and facilitate the local halal industry
P08
Capitalising on a RM22.2 trillion industry MIHAS 2023 poised to become gateway for global exporters to access fast-growing global halal industry
| @ Halal says ... |
Unlocking halal ’ s potential
SELANGOR is one of the few States in Malaysia that recognises the enormous potential of the halal industry as one of the drivers for economic growth . By integrating the halal industry into its broader financial plan , Selangor believes it can further propel the State ’ s economic development .
Other States must follow suit , as the halal industry provides a significant opportunity to diversify their economies , improve competitiveness , and create jobs . The latest Selangor International Halal Convention ( SELHAC ) 2023 is proof of the halal industry ’ s potential , generating RM55.7 million in business transactions .
The federal government ’ s introduction of the Halal Industry Master Plan 2030 ( HIMP ) has placed the country ’ s halal economy in a position to lead the industry globally . With the introduction of this master plan and Malaysia ’ s robust halal ecosystem in place , the country has all the ingredients to develop its halal industry fully .
Participating in halal industry development can benefit all States in Malaysia significantly . The halal industry creates numerous economic opportunities , generates employment and contributes to socioeconomic development .
By prioritising the halal industry ’ s development , the States can fully tap into its potential and contribute to the country ’ s overall economic growth . Failing to do so may result in missed opportunities and potentially allow other countries to surpass Malaysia ’ s standing in the global halal market .
Therefore , to help Malaysia maintain its position as the global halal leader , these States and their leaders must put aside differences and work towards developing a sustainable , competitive , thriving halal industry . They must prioritise unlocking their halal potential and see the sector ’ s differences .
P10-11
Impressive turnout and business matchings The business matchings at SELHAC 2023 were a success , resulting in an impressive RM55.7 million worth of transactions
P12
Export facilitation and assistance for SMEs Various training programmes and financial assistance are available to assist SMEs in penetrating the export market
P13
A necessity within a halal ecosystem The application of Shariah principles must be adhered to in the entire halal supply chain
P14
Halal boom in Kazakhstan High Muslim population provides opportunities for halal industry growth
P16-17
Role of halal certification The impact of halal certification is beneficial to the food industry and offers positive opportunities for trade