KUALA LUMPUR, Malaysia – Malaysia is becoming the first country in the world to create a system setting guidelines and standards for the manufacturing and handling of halal pharmaceuticals, the government announced Monday (October 1st), according to local media.
Dubbed the Malaysian Standard MS 2424:2012 Halal Pharmaceuticals-General Guidelines,
The guidelines "will serve as a basic requirement for halal pharmaceuticals in Malaysia", Deputy Minister in the Science, Technology and Innovation Ministry Datuk Fadillah Yusof said in a speech marking the launch Monday.
"To date, the estimated Muslim population worldwide stands at 1.8 billion, with the global halal market estimated at $2.3 trillion a year including both food and non-food sectors. This figure is expected to rise, especially with halal appealing to Muslims and non-Muslims alike," he said.
Fadillah added that the export value for halal products in 2011 represented 5.1% of Malaysia's total exports.