02
@ Halal | NOVEMBER-DECEMBER . 2023 p04
Globalising Malaysia ’ s halal industry aspirations Budget 2024 included a broad range of initiatives and measures aligned with the nation ’ s vision set by the HIMP 2030
p05 | COVER STORY Exceeding expectations MIHAS 2023 achieves RM3.11 billion in sales from its business matching and main exhibition
p06
Celebrating ethical fashion MIHAS 2023 showcases sustainable , modest style by MODA
p08
Significant international participation Halal Indonesia International Trade Show shines at MIHAS 2023
| @ Halal says ... |
Breaking boundaries
THE 2024 Budget announcement , delivered by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim , highlights the vital role of Malaysia ’ s halal industry in the country ’ s economy . The government has allocated RM20 million to stimulate research , creativity , and innovation within the Islamic economy .
A specific budget has also been earmarked to promote the growth of Muslim-friendly tourism in Malaysia through the Islamic Tourism Centre ( ITC ). This scenario demonstrates the successful efforts in these segments , leading the government to invest further in their development .
In a landscape where the halal sector has expanded its reach beyond the traditional market to encompass finance and tourism , modest fashion presents another promising avenue for exploration .
Malaysia , as the global halal hub , is well-positioned to harness it . The participation of the Malaysian Official Designers Association ( MODA ) in the Malaysia International Halal Showcase ( MIHAS ) 2023 is a positive development . However , there is room for improvement .
Indonesia ’ s recent Indonesia International Modest Fashion Festival ( IN2MF ), held in conjunction with the Indonesia Sharia Economic Festival ( ISEF ) 2023 in Jakarta , is a noteworthy example for Malaysia . The event provided a platform for over 170 local and international designers to showcase their creations on a grand scale .
Modest fashion entrepreneurs were allocated two dedicated halls to display and sell their products , and their trusted brands attracted a substantial public response . Interestingly , buyers extended beyond the Muslim community to encompass a diverse audience .
Malaysia ’ s modest fashion industry exhibits solid domestic demand , although smaller than Indonesia ’ s due to its larger population . While competition is high within Malaysia due to its smaller population and well-established domestic market , modest Malaysian fashion designers should seize the opportunity to explore international markets inspired by the enthusiasm of Indonesian consumers . There ’ s a clear export potential .
Although fashion styles may differ , with Malaysia emphasising minimalism and Indonesia favouring layers and cultural uniqueness , fashion is inherently subjective and adaptable . Focusing on the substantial opportunities presented by Indonesia ’ s modest fashion scene could be a strategic starting point .
The time has come to diversify and break away from the traditional halal market . Therefore , future government budgets might consider allocating resources to support this initiative to establish the nation as the global hub for modest fashion . –
P11
@ Halal al-Basirah book launch The book paves the way for a brighter and more informed future in the halal world
p10
Selangor ’ s strategic focus State ’ s halal industry embraces a focused approach to excellence
p12
Halal certification in halal pharmaceuticals Harmonised standards and certification empower consumers and foster growth in the halal pharmaceutical ecosystem
p13
Sustaining the halal ecosystem The academia must play an active role to ensure that the halal ecosystem is sustainable for years to come