Hong Leong Islamic Bank Spearheads Halal Industry Expansion As Key Partner Of PIHEC 2023
Hong Leong Islamic Bank Spearheads Halal Industry Expansion As Key Partner Of PIHEC 2023
Kuala Lumpur, 22 June 2023 – Hong Leong Islamic Bank (“HLISB” or “The Bank”) today announced its participation for the Penang International Halal Expo & Conference 2023 (“PIHEC 2023”). HLISB’s participation highlights its commitment to supporting entrepreneurs and businesses in the global halal industry. Organized by Penang Halal International (“PHI”), PIHEC 2023 is a distinguished expo that prioritizes trade development, innovation, and sustainability within the Halal market. Its primary mission is to foster a robust and resilient Halal business ecosystem in Malaysia and beyond.
According to the Halal Industry Master Plan 2030, the domestic halal industry is projected to expand to USD113.2 billion (RM500.34bn) by 2030, with a gross domestic product (GDP) contribution of 8.1% by 2025.
Dafinah Ahmed Hilmi, Chief Executive Officer of HLISB said “We see that we can drive value to the Halal Industry with our deep-rooted heritage in entrepreneurship and a greater focus on Value Based Intermediation (VBI). HLISB is dedicated to empowering Small and medium-sized enterprises (SMEs), halal exporters, women entrepreneurs and advancing technology in the halal industry.
Penang plays an essential role in the development of the halal industry and has been actively promoting the halal industry and as a returning sponsor to PIHEC, we are committed to driving digitalization, personalization, and sustainability through our comprehensive range of Islamic finance products and services. Through strategic collaborations, flexible financing solutions, and personalized advisory services, we believe we are well-positioned to help our customers embrace advancements, enhance operational efficiency, and gain a competitive edge in both local and global halal markets."
HLISB offers a comprehensive suite of Islamic banking products and services catered for both individuals and businesses, ranging from investment accounts to junior savings accounts, and SME capital financing. For more information, the public is invited to seek personalized financial advisory and information about its products and services at the Bank’s dedicated booth at the expo.
PIHEC 2023 will be held from 23 - 25 June 2023 at Setia Spice Convention Centre, Penang.
