Due to the developments related to the coronavirus, the international fair Mihas in Kuala Lumpur is being postponed. The date for next year will be determined later.
In many countries, government relief packages amid the coronavirus pandemic should help to soften the near-term effect for Islamic banks, says Bashar Al-Natoor from Fitch Ratings.
The demand for Sharia-compliant products is growing, so Islamic finance is poised to expand in 2020, Moody’s says.
Japanese food producer Ajinomoto is expanding in Southeast Asia and building a new plant in Malaysia for 85 million US dollars.
The Halal fair Mihas in Kuala Lumpur is postponed to September due to the spread of the new corona virus.
Javier Albarracín, head of the Halal section of the Alimentaria food fair, wants more Thai halal meals, knows the best European country for halal products and is thinking about the future of the halal fairs.
Next year the worldwide important Halal fair Mihas starts in Kuala Lumpur again. Not only will it be bigger, the topic of sustainability will also become more important.
According to the 10th Global Islamic Finance Report (GIFR) 2019, the estimated figure for the global Islamic financial industry at the end of 2018 was US$2.6 trillion after recording a growth of 6.58%.
MAB Kargo, a subsidiary of the Malaysia Aviation Group companies, launched its halal logistics service. With this service the company offers hygenic and secure movement, storage and handling of both food and non-food material.
The Philippines have a new national halal logo and want to export even more halal products.
Digitization and regulatory support are driving the growth of Islamic financial products in Malaysia and Indonesia.
The number of Halal certifications and products is growing rapidly in Malaysia. The Southeast Asian country uses the power of consumers.
The Malaysian government supports halal. This is a key advantage to benefit from the billion dollar growth market. In a few weeks, the world’s largest Halal show Mihas brings together manufacturers and buyers.
Malaysia is an important base for the global halal market. The Southeast Asian state connects all participants with a Halal ecosystem.