Alliance Islamic Bank Berhad. Photo: website

KUCHING: The Global Islamic Economy Indicator (GIEI) has placed Malaysia as a global leader in the Halal industry for six consecutive years.

This was due to the strong and robust halal economic ecosystem and continuous focus on the development of global Islamic finance, said Alliance Islamic Bank in a press statement in Kuala Lumpur yesterday.

The bank said SMEs in the country were at an advantage in the global halal segment, which is expected to grow to USD3.0tril in 2023; yet, as recently as 2018, only one in 10 SMEs in Malaysia had been halal-certified.

To help SMEs grow their business and tap into the prospects, the bank would be launching the Halal-in-One programme.

The programme would serve as an ecosystem that offers end-to-end support from business advisory and matching opportunities, halal certification advisory to shariah-compliant financing.

The Halal-in-One programme will be launched at OIO Resort City, Putrajaya on Jan 7.

The event will also witness the signing ceremony of a memorandum of understanding (MoU) between Alliance Islamic Bank Berhad and its strategic halal-advisory partner, HQC Commerce Sdn Bhd.