Dubai: HDC and the African Institute of Islamic Finance (AIIF) inked MOU with potential value of RM100mil

Dubai – The Halal Cluster Week 2021 is happening now from 15 to 20 November 2021 facilitating trade, investment and halal advisory on the ever-growing needs for the industry to reflect on its existing strengths; and to build new capabilities to create new engines of growth within the industry. The one week event highlights the various initiatives and contributions of the halal industry in expediting global economic recovery. Malaysia has been in the forefront in the growth of the halal industry in both economic activities and social awareness. With a comprehensive halal ecosystem in place, Malaysia has become the reference for best practices in the development of halal standards, and business processes through nurturing growth and participation of local businesses in the global halal market.

This is evident with a Memorandum of Understanding (MoU) announcement between the Halal Development Corporation Berhad (HDC) and the African Institute of Islamic Finance (AIIF), held today at the Malaysia Pavilion, Expo 2020, Dubai UAE.

The exchange ceremony was held virtually in conjunction of the Halal Cluster Week.
HDC was represented by its Chief Executive Officer, Hairol Ariffein Sahari and AIIF by its President, Mr Muhammadou Lamine Mbacke.

The MoU entails the collaboration to focus on supporting the establishment of halal ecosystem in the Economic Community of West African States (ECOWAS) region. This covers six areas namely consultation and advisory services, knowledge sharing, promotion and awareness, networking and potential business, joint research publications as well as talent development.

Halal industry growth trends are now a key economic driver for many countries, with the global halal industry market size projected to be USD5.0 trillion by 2030.

For more information about the Halal Cluster Week, log on