Halal Development Corporation Berhad (HDC) ) is collaborating with The Islamic Development Bank (IsDB) to undertake the Halal Industry Ecosystem Study, which will help identify maturity level of critical components which are key in the development of a stronger halal industry within selected countries around the world.
The collaboration was announced today during the opening of HDC’s World Halal Business Conference 2021 5th Series webinar entitled “Industry Convergence: Going Beyond Halal Business Boundaries”. HDC was represented by its Chief Industry Development Officer, Hanisofian Alias, while IsDB was represented by its Head of Center of Excellence (CoE) Kuala Lumpur, Mohamed Abida.
The collaboration will see HDC undertaking literature reviews, information gathering and data synthesizing followed by providing qualitative and quantitative analysis of halal ecosystem mapping starting with Malaysia and later to be expanded in phases to halal ecosystems available in potential countries within Asia Pacific, Middle Eastern, Africa, Europe and America.
The two-month study, leveraging on the extensive knowledge base of experts, will capture primary data and analyze industry reports based on the main indicators pertaining to Halal Ecosystems including Governance, Policies, Incentives, Science, Technology & Innovation (STI), Human Capital Development, Enterprise Development, Infrastructure & Logistics and Promotion & Awareness.
“I am pleased to announce that the Study will use Malaysia’s Halal Ecosystem as a baseline for references. As it is a global assessment, the work will be comprehensive covering main Halal Industry players in consumables and non-consumables products together with the supporting services including but not limited to Brazil, Republic of South Korea, Japan, UAE, Russia, Turkey, USA, China and our ASEAN counterparts,” said Hanisofian.
“The collaboration between HDC and IsDB, preparing the Halal Industry Ecosystem Study for global Halal ecosystem will be an assurance to the Halal stakeholders and players globally in meeting its agenda in developing and implementing an integrated and sustainable Halal Ecosystem,” he added.
In his speech, Mohamed Abida, Head IsDBG Center of Excellence, commended HDC for choosing IsDB Center of Excellence in Kuala Lumpur, to conduct the Halal Ecosystem Gap Analysis Study.
“It is impressive that, among its major achievements, Malaysia has built an extensive Halal Ecosystem,” Mohamed Abida said, highlighted efforts made from the first issuance of Malaysia Halal certification in 1974, to publication of internationally-recognized Halal manufacturing standards and best practices, as well as the establishment of HDC in 2006 to spearheaded the development of Malaysia’s integrated and comprehensive Halal ecosystem and infrastructure,” Mohamed Abida said.
He added, “The findings and recommendations of the ecosystem modeling for Halal Industry will be a resource for future research in relevant areas, and for the use of policy makers and leading to (G to G) partnerships, (cross border) investments, trade and markets linkages. The study will identify action plans for the development of (a robust and sustainable) Halal ecosystem in participating countries.”
Headquartered in the Kingdom of Saudi Arabia, IsDB is an AAA rated multilateral development finance institution focused on promoting socio-economic development to its 57 Member Countries (MCs) and Muslim communities across the globe.
IsDB’s presence in Malaysia began in May 1994, when the Government of Malaysia and IsDB inked an agreement to set up the IsDB Regional Office of Kuala Lumpur (ROKL), to facilitate operations and management of the IsDB portfolio, and act as IsDB’s operating office for delivery of programmes and activities within the region.
ABOUT HALAL DEVELOPMENT CORPORATION BERHAD (HDC)
Halal Development Corporation (HDC) spearheads the development of Malaysia’s integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal industry.
Established on 18 September 2006, HDC is also known as the central coordinator that promotes participation and facilitates the growth of industry players in the development of Malaysia’s Halal ecosystem. An agency under the Ministry of International Trade and Industry (MITI); it is the world’s first Government-backed halal industry development corporation. For more information, please visit HDC at – www.hdcglobal.com.