Alliance Islamic Bank Aims to Provide MYR 100 Million in Financing for Malaysian Halal SMEs

Alliance Islamic Bank (AIB) has announced its intention to provide MYR 100 million in financing to Halal small and medium enterprises (SMEs) in Malaysia who are looking to achieve Halal certification. The announcement was made on the 8th of April 2021 during the signing of a memorandum of understanding with eJazmine, Fusionex International and the International Institute for Halal Research (INHART), in order to strengthen AIB’s Halal in One programme for businesses.

Why it Matters?

The strategic partnership will enable more digitization options, training programmes and an e-commerce platform, and allow Malaysian businesses to embrace innovation and digital transformation efforts to tap into the Halal industry. According to Rizal IL-Ehzan Fadil...