Putrajaya, 7 January 2020 – Alliance Islamic Bank Berhad (“Alliance Islamic Bank”), a subsidiary of Alliance Bank Malaysia Berhad, 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 said-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.
In conjunction with the launch of Halal in One Programme, Alliance Islamic Bank signed a Memorandum of Understanding (“MoU”) with its strategic partner, HQC Commerce Sdn Bhd. The signing ceremony was witnessed by Dato’ Dr. Sirajuddin bin Suhaimee, Director, Malaysia Halal Council Secretariat JAKIM, who also officiated the launch.
“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% of Malaysian SMEs are not Halal-certified,” said Alliance Islamic Bank’s Chief Executive Officer Mr. Rizal IL-Ehzan Fadil Azim.
“Our Halal in One Programme offers business advisory by Halal consultants to help SMEs obtain Halal certification from the Department of Islamic Development Malaysia (JAKIM). The SMEs can also attend complimentary Halal awareness training programmes that we offer. We will complement the advisory service with Halal banking solutions including special financing, payroll solutions, enterprise Takaful, and business matching opportunities for Halal-centric businesses.”
“Our Halal in One Programme is an inclusive ecosystem that integrates all the elements a business needs to grow in the Halal segment: business advisory and matching, halal certification, and funding. We believe that our efforts will go a long way in supporting the government’s efforts to establish Malaysia to be a leading provider of Halal support services, and centre of excellence in Islamic finance,” said Mr. Rizal IL-Ehzan.