Malaysia: Alliance Islamic Bank expands halal ecosystem with new partners

KUALA LUMPUR: Alliance Islamic Bank Bhd has expanded its Halal in One ecosystem by inking a Memorandum of Understanding (MoU) with Halal Development Corporation (HDC), Halnex Sdn Bhd (Halnex), and Halal Street UK.


The collaboration will provide a wide range of market access and support proposition to businesses interested in venturing into, and growing in the rapidly expanding halal market, it said in a statement today.

Alliance Islamic Bank chief executive officer, Rizal IL-Ehzan Fadil Azim said all three partners bring with them years of experience in mentoring and providing opportunities to businesses with ambitions to thrive successfully in the dynamic halal market.

“By being a part of the Halal in One ecosystem, we and our partners are providing small and medium enterprises (SMEs) a convenient platform to get all the help they need to sustain and grow their business in the current environment and in times to come.

“By making this support available digitally, we hope that SMEs nationwide will take the opportunity to be more Halal ready, to tap Halal business opportunities, and to seek Halal banking support via the platform,” he said.

The Halal in One programme offers an integrated business proposition that includes coaching and training, business matching, certification support, halal funding and advisory services to help businesses capitalise on the opportunities in the halal industry.

The bank also offers shariah-compliant financing tailored to the needs of the SMEs.

Under the partnership, businesses enrolled in the Halal in One programme will have access to the HDC’s soon-to-be launched Halal Integrated Platform (HIP), a social networking and e-commerce marketplace that connects global halal players, ministries, government agencies, investors, entrepreneurs and financial services.

They will also be able to gain access to Halnex, which offers digitised halal consultation support and online readiness assessment at a minimal fee.

Halnex’s revolutionary digital platform for halal and quality certification offers a unique certification experience for Halal aspirants and expands access for certification support to SMEs located outside of Klang Valley.

Meanwhile, Halal Street UK is a halal e-market place based in the United Kingdom (UK), which offers multiple e-platforms where Malaysian SMEs can list their products on a business-to-consumer (B2C) or business-to-business (B2B) basis to meet the halal market demands in the UK. – Bernama