Malaysia Launches Platform To Connect Halal SMEs With the World

Malaysia`s HDC has launched a digital platform to connect small and medium Halal enterprises (SMEs) with the world. Halal Development Corporation (HDC) aims to encourage Malaysian Halal SMEs to reach out to potential business partners and customers in other countries by using the Halal Integrated Platform (HIP).

The launch of the HIP is an important step in strengthening the local and global Halal ecosystems. For the Halal ecosystem to be successful both public and private sectors need to play a crucial role.

Major stakeholders in a successful Halal ecosystem include governments, banks, manufacturers, and Halal logistics companies. The digital platform launched by HDC is a data pool of Halal products and services where Malaysian industry players, global partners, and potential customers gather to forge business relationships with one another.

The platform helps local Halal SMEs gain access to the HDC`s extensive training programs so that they could improve their product offerings to potential customers and partners globally.

Initially, the platform will serve as a launching pad for Halal SMEs in Malaysia to obtain Halal certification, get necessary approvals from relevant government authorities, familiarize themselves with global Halal standards and regulations, obtain funding from financial institutions and find local marketing and other service providers.

In the next phase, the platform will help Malaysian Halal businesses establish business relationships with their counterparts in Muslim-majority countries and the non-Muslim world.

Currently, more than 3,500 companies and individuals have registered themselves with the digital platform. But, the number is expected to grow to 10,000 by the end of 2021.

Malaysia has the most comprehensive halal ecosystem in the world. The Halal Integrated Platform (HIP), introduced by Halal Development Corporation is a step towards strengthening its leadership in the global halal industry.