Bank Islam Signs MoU with SME Corp Malaysia; Encourages SMEs to Increase Halal Exports Activities 

Bank Islam Malaysia (Bank Islam) has signed a Memorandum of Understanding (MoU) with SME Corporation Malaysia (SME Corp) on the 24th of August 2021 to improve the competitiveness of small and medium enterprises (SMEs) in Malaysia. Speaking at a webinar following the signing of the MoU, Rizal Yusof, Head of SME Banking of Bank Islam, stated that Malaysia should focus on efforts to allow more SMEs to be involved in the Halal industry, and facilitate SMEs to obtain Halal certificates to penetrate the export market.

Why it Matters?

Under the MoU, both Bank Islam and SME Corp will provide relevant access for SMEs to take part in events, training programmes, awards and other resources, in addition to comprehensive financial products and services to enhance...