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Insight - Navigating Halal market in Malaysia


The Malaysian Muslim consumer is youthful, curious and tech-savvy
There are an estimated 1.9 billion Muslims in the world today, making up roughly 26% of the global population. One in four people adheres to a Muslim lifestyle and its religious practices, including adherence to Halal standards.
Based on a
State of the Global Islamic Economy Report 2021, spending by Muslim consumers is expected to reach US$2.4 trillion by 2024. Food spending alone is likely to account for over US$1 trillion of the total figure.
The Muslim population in Asia is under 30 years old on average. The high internet coverage in Malaysia means many consumers are strongly influenced by social media and use it as their primary source of information. Social media channels have a proven impact on sales of global brands, particularly by tapping into aspirational lifestyle marketing through Halal events and campaigns. ....

Department Of Agriculture , Organisation Of Islamic Conference , Department Of Islamic Development Malaysia , Halal Development Corporation , Middle East , Importing Country Requirements , Islamic Development Malaysia , Foreign Halal Certification Bodies , Malaysian Muslim , Global Islamic Economy Report , Islamic Conference , Halal Conference , World Halal Business Conference , ஆர்கநைஸேஶந் ஆஃப் இஸ்லாமிய மாநாடு , துறை ஆஃப் இஸ்லாமிய வளர்ச்சி மலேசியா , ஹலால் வளர்ச்சி நிறுவனம் , நடுத்தர கிழக்கு , இறக்குமதி நாடு தேவைகள் , இஸ்லாமிய வளர்ச்சி மலேசியா , வெளிநாட்டு ஹலால் சிஇஆர்டிஐஎஃப்ஐசிஏடிஐஓஎன் உடல்கள் , மலேசியன் முஸ்லீம் , உலகளாவிய இஸ்லாமிய பொருளாதாரம் அறிக்கை , இஸ்லாமிய மாநாடு , ஹலால் மாநாடு ,

Malaysia reels from fake halal meat scandal, consumer mistrust


KUALA LUMPUR: Malaysian officials on Saturday implored local and international consumers to trust the country’s halal standards after a fake certification scandal rocked its meat trade and raised questions about its global ranking.
“Those who have committed crimes must be brought to justice. Halal is the image of Islam as well as Malaysia, and I believe that those involved will give their full cooperation to resolve this issue,” Zulkifli Mohamad Al-Bakri, religious affairs minister, told Arab News.
Al-Bakri is part of the Malaysian Halal Council, temporarily chaired by Prime Minister Muhyiddin Yassin, which includes officials from several ministries and halal industry and product specialists.  ....

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Halal Angel Network partners with Vietnam Halal Centre to boost start-ups in the Vietnamese Halal Market - HalalFocus.net


Halal Angels Network is among the first to to support the Vietnamese government in Startups in Halal consumer market, by offering Islamic finance to aspiring entrepreneurs. It has teamed up Vietnam Halal Centre to host the
Halal & Ethical Investment Summit post COVID-19 pandemic in Vietnam. This would be part of series of Halal & Ethical Investment Summits to be held at global locations to promote Halal & Ethical Investment & startups.
Vietnam’s emergence as a startup hub received a boost at the recent Vietnam Ventures Summit 2020, where investors signaled their intent to invest US$815 million in startups. The agreement covers 33 foreign and domestic investment funds including CyberAgent Capital, 500 Startups, AlphaJWC, Monk’s Hill Ventures, and Access Ventures. Last year, investment commitments totaled US$415 million. The US$400 million increase in investments in 2020 reflects a belief that Vietnam could rival Indonesia as Southeast Asia’s growth market for tech in ....

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Jakim not at fault, say industry players


Jakim not at fault, say industry players
BY ZAKIAH KOYAANDMAZWIN NIK ANIS
© Provided by The Star Online
PETALING JAYA: The meat cartel scandal which has raised suspicion on imported halal meat in the country happens due to corruption and the Department of Islamic Development Malaysia (Jakim) is not to be blamed, say halal industry players.
The scandal, which the players said happens every now and then, involves corruption at several levels and authorities investigating the issue should look at all others in the import chain.
“Halal is not the issue in the meat cartel as Jakim is not in charge of imported meat. The issue is corruption, ” said Datuk Shukri Abdullah, the founder of the world’s biggest halal trade exhibition, Malaysian International Halal Showcase (Mihas). ....

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