tion in Malaysia . This year , we have invited Melaka and Kedah to our existing participating States , such as Penang and Negeri Sembilan . We also have six countries that participated thoroughly from the previous engagements and international visits , mainly the UK , Thailand , Australia , India , Bangladesh , Philippines and Brunei .” |
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BY DANIAL FAUZI
THE SELHAC 2023 event owes much of its success to Halal International Selangor ’ s ( HIS ) targets and expectations that focus on the potential business matching value of the event . This year ’ s target was around RM50 million , but SELHAC 2023 surpassed expectations by achieving RM55.7 million , a huge jump compared to last year ’ s goals . |
Muhammad Syaril Showkat Ali |
Furthermore , the theme for the next SELHAC event would focus on the B2B ( business to business ) side of the spectrum . Muhammad Syaril Showkat Ali , General Manager of Halal International Selangor ( HIS ) Toyyiba Sdn Bhd , stated that the next SELHAC theme would primarily focus on the business side , such as business skills and modules as well as the participation of organisations and SMEs from other countries that have registered for SELHAC .
“ Next is about the proportion of participa-
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BANK ISLAM COLLABORATION AS A CRUX FOR ISLAMIC FINANCING
In addition to business skills , there is also the need to focus on managing the finances of any established organisation or SME . Recently , HIS collaborated with Bank Islam , which stems from the idea that they lacked the form of Islamic financial instrumentation for SMEs to receive assistance and be involved within the halal ecosystem .
“ We have focused on the end product , such as the halal certifications and logistics . But no one talks about the financial aspect and instruments such as being Syariah compliant , the absence of Riba , and so on ,” said Syaril .
This collaboration between HIS and Bank Islam will provide the necessary programmes tailored for SMEs . The programmes will provide training in finances , consultation , a commerce platform and a halal supply chain which includes halal foreign investment initiatives .
Additionally , the collaboration would also provide an Islamic SME financing initiative , which is a package that revolves around trade and facilities designed by SMEs , allowing them to embark on halal-certified businesses .
“ This initiative is the first in Selangor and the first collaboration with Bank Islam where we enhance the importance of Islamic financing ,” added Syaril .
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