Halal Street UK & Alliance Islamic Bank to help Malay SMEs
We are pleased that Alliance Islamic Bank has come forward to help Malaysian SMEs enter promising UK Halal market – Halal Street UK
The UK’s largest online store for Malaysian products has agreed with a subsidiary of Alliance Bank Malaysia Berhad to help small businesses tap into this country’s Halal market.
Halal Street UK signed a Memorandum of Understanding with Alliance Islamic Bank (AIS) to assist small-and-medium enterprises (SMEs) capitalise on opportunities through its eCommerce platforms.
The rapid growth of Halal grocery stores and other businesses in cities all over England reflects the wider growth of ethnic minority businesses in the UK.
Founder and Chief Executive Officer of Halal Street UK, Simon Suresh, said: “We are pleased that Alliance Islamic Bank has come forward to help Malaysian SMEs enter promising UK Halal market and meet the booming demand of over 4 million Muslims residing there by collaborating with Halal Street UK.”
The Malaysian-owned company aims on “introducing more Malaysian Halal products to the country” through its B2C (HalalStreet.co.uk) and B2B (HalalExtra.com) online platforms, as well as the Halal in One (HiO) programme launched by AIS earlier this year.
Chief Executive Officer Rizal IL-Ehzan Fadil Azim, who signed the MoU on behalf of Alliance Islamic Bank, said: “With Halal in One, we plan on building an ecosystem comprising strategic partners with various Halal-centric expertise to help business owners expand their business in this sector with ease.
The programme will provide assistance for SMEs to succeed in the halal market in three main areas: Halal certification support, business matching, and Halal funding support.
“We will continue to reach out to more business owners to grow economically by tapping into the overseas market,” he added.