Documente Academic
Documente Profesional
Documente Cultură
a) Brunei
Malaysia is recognised as one of the global leaders of the Halal industry, once again
leading the Global Islamic Economic Indicator for the fifth year in a row as reported
by The State of the Islamic Economy Global Report 2018/2019.
The country’s success as a leading pioneer in the Halal industry began in 1974 when
the Research Centre for the Islamic Affairs Division in the Prime Minister’s Office
began issuing a standardised Halal certification which today, has become the most
sought-after Halal logo for its instant global recognition.
This historic step became the catalyst that set into motion a string of initiatives
supported by effective frameworks from Malaysia’s governmental institutions, which
most notably includes pioneering the development of Islamic banking and finance to
cement the country’s status as a global Halal hub.
Today, Malaysia exemplifies a country that support the growth of global Halal
ecosystem, which in addition to Halal certification systems and Islamic banking, also
encompasses standards and regulations, infrastructure, logistics and human capital
development.
With the total spending of the halal economy reaching US$2.1 trillion 2017 and
expected to rise to US$3 trillion in 2023 (Source: Thomson Reuters), Malaysia has
undertaken important initiatives across regulation, trade, and industry to further
develop the Halal industry.
Another exciting development that kicked off in the fourth quarter of 2018 is
Malaysia's strategic partnership in the “Halal Silk Route”, which is set to change the
logistics landscape between Malaysia and China. The “Halal Silk Route” promises
end-to-end logistics services with integrated Halal value-added services, hassle-free
documentation processes, and competitive transportation cost. This initiative links
the 2.1 billion global Muslim population through the trade of Halal products, and is
considered to be the missing link that completes the Halal trade value chain globally.