Hong Leong Islamic Bank Supports PIHEC 2023 Halal Expansion

Hong Leong Islamic Bank (“HLISB” or “The Bank”) participated in the Penang International Halal Expo & Conference 2023 (“PIHEC 2023”). This engagement underlines HLISB’s commitment to aiding entrepreneurs and businesses in the international halal industry. The distinguished PIHEC 2023 expo, organized by Penang Halal International (“PHI”), concentrates on trade growth, innovation, and sustainability in the Halal market, intending to nurture a strong and resilient Halal business ecosystem in Malaysia and beyond.

According to the Halal Industry Master Plan 2030, Malaysia’s domestic halal industry is anticipated to expand to USD113.2 billion (RM500.34bn) by 2030, contributing 8.1% to the nation’s GDP by 2025.

Dafinah Ahmed Hilmi, Chief Executive Officer of HLISB, spoke on their involvement: “With our deep-rooted heritage in entrepreneurship and a greater focus on Value Based Intermediation (VBI), we aim to drive significant value to the Halal Industry. HLISB is committed to empowering small and medium-sized enterprises (SMEs), halal exporters, women entrepreneurs, and advancing technology in the halal industry.”

Read this: Dafinah Hilmi Takes the Helm as Hong Leong Islamic Bank’s New CEO

Recognizing Penang’s crucial role in halal industry development and its active promotion of the sector, HLISB was proud to return as a sponsor for PIHEC. The bank is dedicated to propelling digitalization, personalization, and sustainability via its wide array of Islamic finance products and services. Through strategic collaborations, flexible financing solutions, and personalized advisory services, HLISB is well-placed to assist its customers in adopting advancements, enhancing operational efficiency, and gaining a competitive edge in both local and global halal markets.

HLISB offers a diverse suite of Islamic banking products and services tailored to individuals and businesses, from investment accounts to junior savings accounts and SME capital financing. The public had been invited to the Bank’s dedicated booth at the expo for personalized financial advisory and information about its products and services. Experience the excellence of Hong Leong Islamic Bank and embark on a rewarding and ethical financial journey that aligns with your values and aspirations.

PIHEC 2023 took place from 23 – 25 June 2023 at the Setia Spice Convention Centre, Penang.