KUALA LUMPUR: Alliance Islamic Bank Bhd (Alliance Islamic), a subsidiary of Alliance Bank Malaysia Bhd, today launched its Halal in One Programme, a halal enterprise ecosystem that aims to help small-and-medium enterprises (SMEs) capitalise on opportunities in the segment.
The programme offers business owners venturing into the halal space end-to-end solutions including business advisory, business matching services, and shariah-compliant financing.
Alliance Islamic signed a memorandum of understanding (MoU) with its strategic partner HQC Commerce Sdn Bhd (HCSB) in conjunction with the launch of Halal in One Programme.
"Malaysia is one of the leading players in the halal industry due to a robust halal economic ecosystem, and a continuous focus in developing global Islamic finance.
SMEs in Malaysia have the advantage to tap into the global halal segment, which is expected to grow to US$3.0 trillion in 2023. Yet, as recently as 2018, 90 per cent of Malaysian SMEs are not halal-certified,” Alliance Islamic chief executive officer Rizal IL-Ehzan Fadil Azim said in a statement today.