Kuala Lumpur:A new matching grant of up to RM5,000 has been introduced to assist micro, small, and medium enterprises (MSMEs) in Malaysia seeking halal certification for the first time. This initiative aims to expand market access for local products and encourage more businesses to enter the halal industry.

According to BERNAMA News Agency, Dr. Chin Chee Seong, the national president of the Small and Medium Enterprise Association of Malaysia, stated that the grant, announced by Prime Minister Datuk Seri Anwar Ibrahim in the 2027 Budget, could alleviate the financial burden on small enterprises that struggle with certification costs.

Dr. Chin emphasized that while the RM5,000 grant may seem modest, it could provide substantial assistance to micro-enterprises. He highlighted the importance of halal certification in enhancing consumer confidence and gaining access to supermarket chains, major retail networks, and overseas markets.

He also noted that while halal certification is crucial, it is just one step in the export success journey. Entrepreneurs must also adhere to product safety, packaging, and other market requirements. Dr. Chin suggested that the government integrate halal certification programs with export development initiatives through agencies like the Malaysia External Trade Development Corporation (MATRADE) and the Halal Development Corporation Bhd (HDC).

The Malay Chamber of Commerce Malaysia (DPMM) president supported these views, indicating that government assistance could help entrepreneurs leverage halal certification to access broader international markets. The Prime Minister's announcement was welcomed, as the halal sector offers significant market potential, with certification by the Department of Islamic Development Malaysia (JAKIM) being internationally recognized.