IslamicFinance.de

According to Malaysian Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail, action needs to be taken to make Islamic finance part of the halal ecosystem. She said it was reported that there seemed to be a disconnection between the halal industry and Islamic finance. Based on Bank Negara Malaysia (BNM)’s Financial Stability and Payment Systems Report 2017, Dr Wan Azizah said Islamic business financing continued to exhibit a strong growth of 12.5%. However, she pointed out that there was insufficient access to Islamic financing for the growth of small and medium enterprises (SMEs) in the halal sector. She said Malaysia could serve as a focal point for halal product trade intelligence by being the premier destination for halal trade exhibitions and commerce.