Global halal SMEs: principles & potentials

As Malaysia is becoming a high-income nation, one of the strategies is to increase the country’s Gross Domestic Product (GDP). It was recorded that in 2016, the direct sales industry contributed RM17 billion to the country’s gross domestic product (GDP), more than double compared to RM8.03 billion i...

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Main Author:	Abdullah, Moha Asri
Format:	Conference or Workshop Item
Language:	English
Published:	2019
Subjects:	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration HF5410 Marketing. Distribution of products
Online Access:	http://irep.iium.edu.my/71408/ http://irep.iium.edu.my/71408/ http://irep.iium.edu.my/71408/1/71408_GLOBAL%20HALAL%20SMEs.pdf

id	iium-71408
recordtype	eprints
spelling	iium-714082019-03-29T01:23:50Z http://irep.iium.edu.my/71408/ Global halal SMEs: principles & potentials Abdullah, Moha Asri H Social Sciences (General) HF Commerce HF5001 Business. Business Administration HF5410 Marketing. Distribution of products As Malaysia is becoming a high-income nation, one of the strategies is to increase the country’s Gross Domestic Product (GDP). It was recorded that in 2016, the direct sales industry contributed RM17 billion to the country’s gross domestic product (GDP), more than double compared to RM8.03 billion in the year 2006. Halal industry has created more opportunities and spaces for Halal Small and Medium Enterprises (SMEs) to grow, and expand not just in Malaysia but more importantly in global market. Unfortunately, Bumiputera economic participation in the SMEs and in the Halal industry has been relatively low. Record shows that only 27.6 percent out of 1,026,000 registered companies in Malaysia are Bumiputera-owned companies. The word halal is rooted from an Arabic word which means ‘permissible’ or ‘lawful’ according to the Islamic rules and regulations. The concept of halal is not bound to food-related items only but to multiple other aspects such as products, which can be further categorized into various groups, for instance, cosmetics, self-care, health, and services for example, banking, tourism and others. Despite the booming Halal market, the SME sector of Bumiputera Business Community in Malaysia has not shown its full potential as it stumbles with multiple issues and challenges. This needs attention from various stakeholders to work together to help transforming and strengthening the sector to successfully tap the market potential. 2019-03-26 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/71408/1/71408_GLOBAL%20HALAL%20SMEs.pdf Abdullah, Moha Asri (2019) Global halal SMEs: principles & potentials. In: Tijarah Discourse Series -Halal Industry:Opportunity And Prospect, 26th March 2019, Nilai, Negeri Sembilan. (Unpublished) http://ihram.usim.edu.my/kalendar/tijarah-discourse-series-halal-industryopportunity-and-prospect/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration HF5410 Marketing. Distribution of products
spellingShingle	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration HF5410 Marketing. Distribution of products Abdullah, Moha Asri Global halal SMEs: principles & potentials
description	As Malaysia is becoming a high-income nation, one of the strategies is to increase the country’s Gross Domestic Product (GDP). It was recorded that in 2016, the direct sales industry contributed RM17 billion to the country’s gross domestic product (GDP), more than double compared to RM8.03 billion in the year 2006. Halal industry has created more opportunities and spaces for Halal Small and Medium Enterprises (SMEs) to grow, and expand not just in Malaysia but more importantly in global market. Unfortunately, Bumiputera economic participation in the SMEs and in the Halal industry has been relatively low. Record shows that only 27.6 percent out of 1,026,000 registered companies in Malaysia are Bumiputera-owned companies. The word halal is rooted from an Arabic word which means ‘permissible’ or ‘lawful’ according to the Islamic rules and regulations. The concept of halal is not bound to food-related items only but to multiple other aspects such as products, which can be further categorized into various groups, for instance, cosmetics, self-care, health, and services for example, banking, tourism and others. Despite the booming Halal market, the SME sector of Bumiputera Business Community in Malaysia has not shown its full potential as it stumbles with multiple issues and challenges. This needs attention from various stakeholders to work together to help transforming and strengthening the sector to successfully tap the market potential.
format	Conference or Workshop Item
author	Abdullah, Moha Asri
author_facet	Abdullah, Moha Asri
author_sort	Abdullah, Moha Asri
title	Global halal SMEs: principles & potentials
title_short	Global halal SMEs: principles & potentials
title_full	Global halal SMEs: principles & potentials
title_fullStr	Global halal SMEs: principles & potentials
title_full_unstemmed	Global halal SMEs: principles & potentials
title_sort	global halal smes: principles & potentials
publishDate	2019
url	http://irep.iium.edu.my/71408/ http://irep.iium.edu.my/71408/ http://irep.iium.edu.my/71408/1/71408_GLOBAL%20HALAL%20SMEs.pdf
first_indexed	2023-09-18T21:41:16Z
last_indexed	2023-09-18T21:41:16Z
_version_	1777413156169056256

Global halal SMEs: principles & potentials

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