Halal Development Corporation Berhad

Halal Development Corporation spearheads the development of Malaysia’s integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal industry. Established on 18 September 2006, HDC as it is also known is the central coordinator that promotes participation and facilitates growth of industry players in the development of Malaysia’s Halal ecosystem. An agency under the Ministry of International Trade and Industry (MITI), it is the world’s first Government-backed halal industry development corporation. Having grown from strength to strength in building the capacity of Malaysia’s halal ecosystem to advance its industry players, HDC had transformed Malaysia into a leader in the world’s halal industry through the creation of opportunities, investments, trade, employment, information sharing and technology of transfer within the halal ecosystem. With HDC as the backbone of the multiple facets of the progresses in the halal market, Malaysia now houses a diverse and competitive halal ecosystem that connects the government, industry players and consumers. Halal is no longer about religion; it is fast evolving towards lifestyle, driven by more than 1.8 billion global Muslim population and the increasing number of halal consumers from non-Muslim population around the world placing the industry on an exponential growth platform. Malaysia, a leading global halal hub, contributes an annual export value of USD10 billion or RM40 billion for halal products, approximately 4% of the country’s total exports. In contrast, the total Halal industry is predicted to be USD30.6 trillion where only USD7.7 trillion are from Muslim consumers over the next decade.

According to the GICS (Global Industry Classification Standard) version of March 2023, Halal Development Corporation Berhad’s industry classification falls within the following categories:

• Sector: Consumer Staples
• Industry group: Food, Beverage & Tobacco
• Industry: Food Products
• Sub-Industry: Agricultural Products & Services