Halal Industry: A Vast Potential for Growth and Development
A Strong Foundation for Expansion
Malaysia has a firm grip on the halal industry, and this needs to be expanded beyond the certification aspect, said Prime Minister Anwar Ibrahim. The industry has huge potential, with the global halal trade value reaching billions in ringgit. However, it is not just limited to the slaughtering of animals, but also related to the manufacturing and cosmetics sectors, and so on.
A Holistic Understanding of the Halal Industry
"We must take a serious view as to how we can lift (the halal industry) so that we can become the hub of halal industry activities, including comprehensive Islamic financing according to the objectives of Maqasid Syariah," said Anwar at the launch of the Penang International Halal Expo.
Collaboration among Agencies
Anwar emphasized the importance of collaboration among agencies to foster a more holistic understanding of the halal industry, especially among small and medium-sized enterprises. The Malaysian Islamic development department (Jakim) must work with other agencies like the Halal Development Corporation, Malaysia External Trade Development Corporation (Matrade) and Malaysian Investment Development Authority (Mida) to achieve this goal.
Unlocking the Potential of the Halal Industry
The halal industry has vast potential, with opportunities in various sectors, including:
- Manufacturing: halal-certified products such as food, cosmetics, and pharmaceuticals
- Islamic financing: Shariah-compliant financial instruments and products
- Tourism: halal tourism, including halal-friendly accommodations, transportation, and attractions
- Education: Islamic education and training programs
Conclusion
In conclusion, the halal industry has enormous potential for growth and development in Malaysia. With the right collaboration and coordination among agencies, the country can become the hub of halal industry activities, providing a boost to the economy and creating new opportunities for businesses and entrepreneurs.
Frequently Asked Questions
Q: What is the global halal trade value?
A: The global halal trade value is billions in ringgit.
Q: What are the sectors related to the halal industry?
A: The halal industry is not just limited to the slaughtering of animals, but also related to the manufacturing and cosmetics sectors, and so on.
Q: Which agencies should work together to foster a more holistic understanding of the halal industry?
A: The Malaysian Islamic development department (Jakim), Halal Development Corporation, Malaysia External Trade Development Corporation (Matrade), and Malaysian Investment Development Authority (Mida) should work together.