Alliance Islamic Bank expands Halal in One ecosystem through MoU with partners

Alliance Islamic Bank Berhad (“Alliance Islamic Bank”) has expanded its Halal in One ecosystem by inking a Memorandum of Understanding (“MoU”) with Halal Development Corporation (HDC), Halnex Sdn Bhd (Halnex), and Halal Street UK.

This new halal collaboration will provide for a wide range of market access and support proposition to businesses interested in venturing into, and growing in the rapidly expanding halal market.

“We welcome HDC, Halnex, and Halal Street UK into the Halal in One Programme.  All three partners bring with them years of experience in mentoring and providing opportunities to businesses with ambitions to thrive successfully in the dynamic halal market,” said Alliance Islamic Bank’s Chief Executive Officer,  Rizal IL-Ehzan bin Fadil Azim.

Alliance Islamic Bank’s Halal in One Programme aims to an integrated halal business proposition that includes coaching and training, business matching, certification support, halal funding, and advisory services to help businesses capitalise on the opportunities in the halal industry. The Bank offers businesses shariah-compliant financing tailored to the needs of the SMEs.

The new partner, Halal Development Corporation (HDC), is a federal government agency with a mandate to promote and boost Malaysia as a leader in the global halal industry. HDC provides businesses with halal readiness assessments, training, and opportunities to tap into the halal business network.

Through this partnership, businesses enrolled in the Halal in One Programme will have access to HDC’s Halal Integrated Platform (HIP), a social networking and e-commerce marketplace that connects global halal players, ministries, government agencies, investors, entrepreneurs and financial services.

The second new partner, Halnex, offers digitised halal consultation support and online readiness assessment at a minimal fee. This revolutionary digital platform for halal and quality certification offers a unique certification experience for Halal aspirants and expands access for certification support to SMEs located outside of Klang Valley.

Halal Street UK is a halal e-market place based in the United Kingdom (UK), with a focus on providing multiple e-platforms where Malaysian SMEs can list their products on a business-to-consumer (B2C) or business-to-business (B2B) basis to meet the halal market demands in the UK.

These new services complement Alliance Islamic Bank’s existing collaboration with HQC Commerce Sdn Bhd (HQC Commerce), who was the first partner to join Halal in One and is also a strategic partner of the Malaysia International Halal Academy (MIHA). HQC Commerce helps businesses with their halal certification process as a consultant recognised by Jabatan Kemajuan Islam Malaysia (JAKIM) to provide coaching, advisory, training, and capacity development programmes for halal aspirants.

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