The halal economy (HE) plays an important role in Malaysia’s economic growth, contributing 7.5 percent to the Gross Domestic Product (GDP) as of 2020. Under the Twelfth Malaysia Plan, 2021-2025 (12MP), one of the key strategies to boost Malaysia’s economic growth is enhancing the competitiveness of the halal industry to capture a more significant share of the global halal market. The term halal refers to anything that is permissible or lawful under...
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DETAILS
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2022/05/31
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Report
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172734
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1
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2022/06/21
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Disclosed
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2022/06/21
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Islamic Finance and the Development of Malaysia’s Halal Economy
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Citation
Alawode,Abayomi A.; Rehman,Aamir Abdul; Abdul Aziz,Ahmad Hafiz Bin; Shaharudin,Roselee Shah Bin; Johan Arief Jothi,Shahira Zaireen Bt.
Islamic Finance and the Development of Malaysia’s Halal Economy (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099220006192238556