Established on 18 September 2006, HDC as it is also known, is the central coordinator that promotes participation and facilitates growth of industry players in the development of Malaysia’s Halal ecosystem. An agency under the Ministry of Economic Affairs; it is the world’s first Government-backed halal industry development corporation.
With HDC as the backbone of the multiple facets of the progresses in the halal market, Malaysia now houses a diverse and competitive halal ecosystem that connects the government, industry players and consumers.
Halal is no longer about religion; it is fast evolving towards lifestyle, driven by more than 1.8 billion global Muslim population and the increasing number of halal consumers from non-Muslim population around the world placing the industry on an exponential growth platform.
Malaysia, a leading global halal hub, contributes an annual export value of USD10 billion or RM40 billion for halal products, approximately 4% of the country’s total exports. In contrast, the total Halal industry is predicted to be USD30.6 trillion where only USD7.7 trillion are from Muslim consumers over the next decade.
This represents an enormous growth potential for HDC to partake, to widen the network and in the process, increase halal industry players; while enhancing the country’s halal industry development in leading the Islamic economy ecosystem and internalization agenda.
Tapping on the abundant opportunity available, HDC offers its expertise on the development of halal standards; branding and promotion; and commercial development of halal products and services, through