The Halal Industry, A Key Contributor to Malaysia’s Economic Growth, is Impacted by COVID-19: HDC

Malaysia’s Halal industry has grown in importance and quality to become one of the country's key engines of economic growth, according to Hairol Ariffein Sahari, Chief Executive Officer at Halal Development Corporation (HDC). Discussing the impacts of COVID-19 on Halal businesses, at the soft launch of the World Halal Business Conference (WHBC) 2021, Hairol quoted results from a survey on the ‘Effects of Covid-19 on the Economy and Companies/Business Firms - Round 1’. The survey showed that during the first Movement Control Order (MCO) imposed in 2020, around 53.4% of surveyed businesses were able to survive only up to two months.

Why it Matters?

COVID-19 has hampered Malaysia’s ability to reach its target of having a domestic Halal industry valued at USD 1...