MDThe Ministry of Communications and Digital through Malaysia Digital Economy Corporation hosted the Islamic Digital Economy Industry Conference 2023 to foster collaboration and partnerships with key industry players within the Islamic digital economy sector.
Malaysia continues to lead the Global Islamic Economy Indicator for the past nine consecutive years, driven by its thriving halal ecosystem which is led by the halal food-pharmaceutical-cosmetics, Muslim-friendly tourism, media, and recreational sectors. These sectors are expected to attain a global value of US$7.7 trillion by 2025.
Highlighting the value of the halal food market which is expected to rise in value to US$1.67 trillion by 2025 from US$1.27 trillion in 2021, Fahmi said that through digitalisation of the halal supply chain, which MDEC champions, “we envisaged to facilitate Malaysia’s halal exports to reach an estimated RM56 billion by 2025.”
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