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Category: Halal economy

Indonesia: Social commerce startup Evermos brings Halal products into Indonesia, grabs US$8.25M Series

| 06/12/2019
Indonesia: Social commerce startup Evermos brings Halal products into Indonesia, grabs US$8.25M Series

The startup plans to use the funds to expand its presence in the digital Islamic economy ecosystem, accelerate growth by focusing on further collaborations with local brands and organisations.

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IHAB strengthens Malaysia’s position as halal leader

| 05/12/2019
IHAB strengthens Malaysia’s position as halal leader

The establishment of the International Halal Authority Board (IHAB) confirmed the position of Malaysia as a global halal leader through the recognition of the authorities and halal certification bodies abroad.

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Halal consumer market will hit $2.5 trillion globally in 2020, AT Kearney reports

| 04/12/2019
Halal consumer market will hit $2.5 trillion globally in 2020, AT Kearney reports

The firm’s Global Business Policy Council, which conducted the analysis, found that spending on halal products and services is set to almost double globally by 2023.

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Malaysia: CIMB Islamic provides RM100m financing for SMEs to achieve halal status

| 28/11/2019
Malaysia: CIMB Islamic provides RM100m financing for SMEs to achieve halal status

HalalBizReady is part of CIMB’s refreshed SME proposition’s suite of solutions that comprises three main pillars including SME Transact, SME Financing and collaborations via industry SME Partners.

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UAE: DIEDC expands network of strategic partners in Indonesia

| 27/11/2019
UAE: DIEDC expands network of strategic partners in Indonesia

Dubai Islamic Economy Development Centre (DIEDC) signed two Memorandums of Understanding (MoU) with Indonesia Halal Lifestyle Center (IHLC) and the National Islamic Finance Committee (KNKS).

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USA: To halal or not to halal?

| 25/11/2019
USA: To halal or not to halal?

 Interview with Dr. Muhammad Munir Chaudry, IFANCA President and CEO of IFANCA to discuss the current status and the future of the halal economy.

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Malaysia: MIHAS 2020 to Drive Malaysia’s Sustainability Agenda among Businesses

| 25/11/2019
Malaysia: MIHAS 2020 to Drive Malaysia’s Sustainability Agenda among Businesses

KUALA LUMPUR: World’s largest halal trade fair, the Malaysia International Halal Showcase (MIHAS) 2020, is set to host Malaysian and global Halal-based businesses at its 17th edition from 1 to 4 April 2020. In this edition, MIHAS will be facilitating the promotion of sustainability practices among Halal-based industry players. Themed as “Expand Your Halal Horizon”, […]

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Indonesia: Indonesia Expo in Qatar winds up with fruitful debut

| 23/11/2019
Indonesia: Indonesia Expo in Qatar winds up with fruitful debut

The Indonesian Ambassador bore witness to the inking of 15 agreements on business transactions worth over US$100 million in terms of commitment for the trading of products, investment, and partnership.

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Malaysia: Matrade targets 5pc increase in sales at Mihas 2020

| 22/11/2019
Malaysia: Matrade targets 5pc increase in sales at Mihas 2020

The number of exhibitors at Mihas 2020 is expected to increase to 1,300 from 928 at Mihas 2019, while the number of buyers is set to double to 400.

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Indonesia: Moderland Develop Halal Project with Barakah Taiwan Halal Hub, Local Sharia Bank

| 17/11/2019
Indonesia: Moderland Develop Halal Project with Barakah Taiwan Halal Hub, Local Sharia Bank

The four local banks, namely PT Bank Mandiri Syariah, PT BRI Syariah, PT BNI Syariah and PT Bank Muamalat Indonesia prepared funds Rp2.1 trillion (US$150 million) to develop the areas.

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Opinion: Halal B2B Marketplace Combats Food Fraud With Blockchain Technology

| 14/11/2019
Opinion: Halal B2B Marketplace Combats Food Fraud With Blockchain Technology

Knowing where your food comes from, and whether is it really Halal, are issues that more and more people are concerned with.

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Malaysia: NST Leader: A thought starter, should Jakim go global?

| 10/11/2019
Malaysia: NST Leader: A thought starter, should Jakim go global?

“The time has come for Jakim’s stamp of legitimacy to go global. It may wish to look at how it can further tap into and explore businesses offering halal products.”

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Malaysia: Documents Allege Corruption in Malaysia’s Halal Certification Process

| 07/11/2019
Malaysia: Documents Allege Corruption in Malaysia’s Halal Certification Process

MACC Chief Commissioner said the allegations of corruption within JAKIM had come to the MACC’s attention. s
She will make further announcements as investigations progress.

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Malaysia: Jakim never appointed consultant to handle Halal certification

| 06/11/2019
Malaysia: Jakim never appointed consultant to handle Halal certification

Mujahid said the halal certification application has never been done in person with any of Jakim staff as it is done online by filling in the application form with all the required details.

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Malaysian Official Urges Making Islamic Finance Part of Halal Ecosystem

| 05/11/2019
Malaysian Official Urges Making Islamic Finance Part of Halal Ecosystem

“With better financing, I believe that more industry players will be encouraged to expand their product lines to include halal-certified products,” DPM Wan Azizah Wan Ismail said.

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Malaysia: Halal start-ups, SMEs can’t fully enter global market without Islamic financing

| 05/11/2019
Malaysia: Halal start-ups, SMEs can’t fully enter global market without Islamic financing

DPM Dr Wan Azizah said better financing will also give existing players a clearer direction for developing strategies in remaining competitive, as well as to meet challenges.

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Governing, Regulatory and Statutory Stakeholders within the Halal Industry in Malaysia

| 22/10/2019
Governing, Regulatory and Statutory Stakeholders within the Halal Industry in Malaysia

Stakeholders are defined as a person, group or organisation that has interest or stake in an organisation or in an industry.

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Malaysia: Bank Negara deputy governor tells entrepreneurs to empower their businesses

| 04/10/2019
Malaysia: Bank Negara deputy governor tells entrepreneurs to empower their businesses

Entrepreneurs are urged to take advantage of the growing halal industry by empowering their businesses through various Islamic finance solutions.

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Indonesia 4.0: Food industry tech and innovation to play ‘huge’ role in country

| 23/09/2019
Indonesia 4.0: Food industry tech and innovation to play ‘huge’ role in country

The F&B industry will be a key driver of the country’s economic development, especially in terms of processed food and beverage products.

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Opinion: BLOCKCHAIN: The Next Frontier in Halal Certification?

| 15/09/2019
Opinion: BLOCKCHAIN: The Next Frontier in Halal Certification?

To address issues of cost, risk and efficiency HCBs should consider embracing halal blockchain initiatives together with the halal industry and be part of halal blockchains for efficiency.

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