Malaysia remains world halal focal point

  • Malaysia has carved its own niche as a halal centre that is also a focal point for others to emulate in developing their own markets in various parts of the world.
  • Malaysia External Trade Development Corp (Matrade) chairman Datuk Dr Noraini Ahmad said Malaysia’s halal industry is thriving as it has an ecosystem which is supported by strong economic fundamentals and various market-driven initiatives.
  • She said based on a report released by Thomson Reuters, “The State of the Global Islamic Report 2017/18”, the value of the global Islamic economy in 2016 amounted to US$3.6 trillion (RM14 trillion) and the figure is expected to increase to US$5.9 trillion by 2022.
  • The food and beverage (F&B) segment made up the largest export, valued at RM20.1 billion, followed by halal ingredients at RM15.7 billion; palm oil derivatives at RM3.6 billion; and cosmetics and personal care products at RM2.9 billion.
  • Noraini said the achievement is part of Mihas’ contribution — a homegrown initiative that has attracted approximately 350,000 visitors from 70 nations since its inception in 2004.

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