PETALING JAYA: Over the past four decades, Islamic banking has emerged as one of the fastest growing industries at an estimated growth rate of 15-20% per annum. It has spread to all corners of the globe and received wide acceptance by both Muslims and non-Muslims. The global market value for trade in the halal industry has grown exponentially over the last few years.
Trade in halal food is estimated at US$661bil a year and Malaysian halal certificates are widely sought by producers worldwide.
Awareness of halal products has begun to shift beyond the food sector towards other industries, including services.
At the upcoming World Halal Forum to be held in KL Convention Centre from April 4-5, themed Towards a Halal Economy: The Power of Values in Global Markets’, HSBC Amanah Malaysia, along with other industry experts, will shed some light on the relevant of Islamic finance in the mainstream industries and how small and medium industries can benefit from it.