Halal industy contributes RM9.7 billion to the GDP – PM Ismail

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KUALA LUMPUR NOV.23: The Malaysian Family is able to check the halal status of the product from abroad by 2023 via the Malaysia International Halal Authority Board (MyIHAB) that will be developed by the Department of Islamic Development of Malaysia (JAKIM).

Under this system JAKIM will monitor 84 foreign halal certification bodies from 46 countries that have been recognised.

Prime Minister, Datuk Seri Ismail Sabri Yaakob said, in line with that effort and to empower the halal certification, JAKIM is developing a RM3.4 million Halal Integrated Information System that will be the halal data base.

“This initiative will include six systems namely MYeHALAL (Domestic), MYeHALAL (International), e-Cert Print System, Malaysia International Halal Authority Board (MyIHAB), Overseas Slaughter House Application Module and Halal Product Ingredients Management (MyHALAL Ingredients).

“Apart from that, JAKIM is also developing two initiatives including Malaysian Halal Manual Procedures (International) and International Halal Executive Module. It is a step to empower the Malaysia Halal Certificate at international level via Malaysian Halal Certificate Internalisation Programme among others will enable the industry players abroad to apply the Malaysian Halal Certification directly from JAKIM,” said Ismail in his speech.

Ismail said that in his speech at the National Halal Conference 2021 with the theme “Halal Malaysia: Catalyst to National Economic Growth,” that was held here today.

Prime Minister added, nearly 50 years Malaysia has developed the halal landscape with its own concept and through a sustainable effort from various agencies and ministries the halal industry has become a new source that could generate the national economic growth that is able to break through the international halal markets.

Ismail said, this shows the halal industry has the potentialities to generate the national economy as the global Muslim population currently is 1.8 billion and will continue to increase until 2.2 billion in 2030.

“Based on this figure, the demand for the halal product and services will leap high until USD680 billion per year,” Ismail said.

Meanwhile, towards 2024, the global halal economy will reach RM10 trillion. The Economic Planning Unit (EPU) Prime Minister’s Department has reported that halal market segment is expected to contribute 8.1 per cent to the Gross Domestic Product (GDP).

“The halal industry is also able to generate export income amounting to RM56 billion in 2025. In 2020 alone the halal industry has contributed RM9.7 billion to the GDP,” Ismail said. –Malaysia World News


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