Halal Industry In Malaysia

In january 2019 entrepreneur development minister datuk seri mohd redzuan md yusof said malaysia s halal industry has been too focused on promoting halal products while neglecting halal processes that could lead to missed opportunities. In malaysia the industry started in 1974 with the issuance of the first halal certificates. Other than that malaysia also hosts two of the most important annual events in the halal industry namely the malaysia international halal showcase mihas and the world halal forum whf.

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Malaysia Halal Industry

Global Halal Industry

Halal Hub

Halal Is Not Just About Food Hdc

Halal Industry Development Corporation Why Malaysia

Department Of Statistics Malaysia Official Portal

However malaysia has to also ramp up its efforts to stay ahead in the halal industry.

Halal industry in malaysia. Halal industry in malaysia 5. It was originally forecasted that by 2020 malaysia s annual halal exports would reach an estimated rm50 billion. Malaysia has always welcomed investments into its halal related manufacturing sectors. Growing economic development in muslim countries 3.

However we would like to emphasise that halal should not be a malaysia centric investment spectrum. Sizeable and growing muslim population 2. Malaysia s halal sector remains resilient through increased consumer confidence according to the halal development corporation berhad hdc despite global challenges due to the current volatility of oil prices and the covid 19 crisis. Halal industry master plan 2030 executive summary 1.

Rather it must be viewed from a global perspective as consumers transcend national boundaries and ethnicities says azman. The halal industry is a strong promoter of socioeco nomic growth in malaysia and therefore efforts to improve governan ce capacity building programmes and promotion of the industry needs to be intensiþed. To facilitate this process hdc was established as one stop agency in the development of the halal industry. We know that other countries are also looking to collaborate with malaysia in order to strengthen the global halal ecosystem as the global halal industry presents a huge opportunity with the market now valued at us 3 1 trillion with supply only able to meet demand by 10 20 per cent currently.

Halal development corporation berhad the custodian of malaysia s halal economy senior minister minister of international trade industry yb dato seri mohamed azmin bin ali view more halal development corporation berhad your trusted partner in halal business data pool of halal products and services provides industry players with access to global halal players giving your business the. Halal industry player must be involved in the following four 4 industry sectors only specialty processed food cosmetics healthcare personal care products pharmaceutical halal ingredients livestock and meat products 2. Halmas qualifying criteria for industry players 1. Business opportunities in halal industry.

Both play a pivotal role in building the country s reputation as the global reference and trade centre for the new mainstream halal industry since 2003 visit malaysia 2020. Halal key drivers of growth 3 usd 2 trillion 1. Emergence of potential halal markets china india.