ACE Magazine: Issue 2 / 2016 ACE Magazine: Issue 2 / 2016 | Page 19

ASEAN COMMUNITY OF ENTREPRENEURS COVER STORY Boosting Halal Trade: A Malaysian Experience BY DATO’ AZMAN MAHMUD T he halal industry in Malaysia today covers food and nonfood products, including pharmaceuticals, health products, medical devices, cosmetics and toiletries. Meanwhile, services within the industry include logistics, packaging, branding & marketing, printed & electronic media, banking, insurance and travel & tourism. The first World Halal Standard – MS2200: Islamic Consumer Goods Part 1: Cosmetics and Personal Care (General Guidelines) – was developed in 2008 and Malaysia is proud to be among one of the first nations in the world to develop halal standards. Malaysia has been a pioneer in the development of halal standards with13 halal and halal-related standards ranging from production, preparation, handling and storage of food to general guidelines on halal pharmaceuticals. The Malaysian certification procedures and halal standards are continuously utilised because they have received widespread recognition for maintaining excellence in the field of halal-compliance. As a result, the Malaysian halal logo is well-recognised and well-accepted worldwide. In terms of production infrastructure, halal industry players – from small and medium enterprises (SMEs) to multinationals – are able to choose from over 500 industrial estates and free zones to locate their investments within Malaysia. There are also specialised parks that have been developed to cater to the needs of specific industries, notably the halal industry. To date, Malaysia has 21 Halal Parks, of which 14 are with Halal Malaysia status. ISSUE 2 : 2016 | ASEAN COMMUNITY OF ENTREPRENEURS 17