KUALA LUMPUR: Islamic finance has the opportunity to grow into the halal sector and Malaysia can be the first country to lead the convergence, said Rushdi Sidduqui, a board member of Dinarstandard, Advisory Board for Crescentrating and Falah Capital.
He said if Malaysia pushed ahead with the vision, it has the credibility for world to look at it seriously.
“At the end of the day, it’s all about getting the institutional support, but the thing about Islamic finance and the halal space are that both have to be politically-supported,” he said during a discussion on “Financing the Halal: Why Not Islamic Finance?”, held in conjunction with the Global Islamic Finance Forum, here, yesterday.
He said Islamic finance must diversify from real estate bias, including many sukuk linked to real estate, as there are other real economy sectors, with halal market being one of them. Bernama