Halal industry presents a major opportunity for growth, says HDC

The global halal industry represents a significant opportunity to develop Islamic capital market models on a much larger scale, both locally and globally.

Halal Development Corporation (HDC) chairman Datuk Mahmud Abbas said the micro, small and medium enterprises (MSME) could benefit greatly from the financial capital market that can be generated via the Islamic funding mechanisms, such as equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms.

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