Halal Development Corporation Berhad, SOLV Malaysia Unite to Help Medium-sized Enterprises Access RM2.67 Billion Halal Fund
Highlights: The Halal Development Corporation Berhad (HDC) and SOLV Malaysia have partnered to enable Small and Medium-sized Enterprises (SMEs) in Malaysia to access a RM 2.67 billion halal fund. This fund was pledged by five banks during the World Halal Business Conference Circuit 2023 in London. The collaboration, facilitated through the Halal Integrated Platform (HIP), aims to simplify the process for SMEs to obtain financing. SOLV, incubated by SC Ventures, is a key player in addressing the needs of the SME community, particularly in e-commerce and financial solutions. The partnership aims to leverage HDC’s expertise in the halal sector and SOLV’s digital platform to accelerate the growth of SMEs in Malaysia by providing easy access to the funding facility. The collaboration also aims to advance digital processes for pre-qualifying SMEs, enabling optimal pairing with suitable financial institutions and alternative lenders. This not only streamlines the financing process but also cultivates creditworthy behavior among SMEs, empowering them to build resilient credit profiles. The digital approach enhances the overall customer journey, facilitating quicker and more efficient financing for SMEs based on their merit, promoting financial independence and long-term sustainability.
Link to Original Article
https://salaamgateway.com/story/hdc-solv-malaysia-unite-to-help-smes-access-rm267-billion-halal-fund