Hong Leong Islamic Bank Supports Halal Manufacturing in Penang

January 2025 FEATURE
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Dafinah Ahmed Hilmi, CEO of HLISB (4th from right), launching the BizHalal programme with Hairol Ariffein Sahari, CEO of Halal Development Corporation (4th from left). HLISB partnered with the latter to design its end-to-end halal business solutions.
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DRIVEN BY GOVERNMENT INVESTMENT, global demand and the China Plus One strategy, Penang is rapidly becoming a leading force in halal manufacturing. Projected to reach USD113.2bil by 2030 in Malaysia, with an anticipated 8.1% GDP contribution by 2025 (HIMP 2030), the halal sector promises 700,000 new jobs nationwide.Penang offers manufacturers and halal businesses dedicated halal industrialparks such as the Penang Halal Industrial Park (PHIP), strategically located near the Penang Science Park. These cater specifically to food and pharmaceutical companies.But it...

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