OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is pleased to announce that its subsidiary, Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad, has recently signed a Memorandum of Understanding (MOU) with Malaysia's Halal Industry Development Corporation (HDC) in Osaka, Japan.

HDC was established in September 2006 by the Government of Malaysia as an agency under the purview of the Ministry of International Trade and Industry. HDC coordinates the overall development of the halal industry in Malaysia and provides comprehensive facilitation in the development of halal industry which includes capacity development program, industry training and consultancy.

'Halal' is an Arabic word meaning 'permissible or lawful', under Islamic guidelines as stipulated in the Qu'ran. Malaysia is the only country in the world whereby the government provides full support in promoting the Halal Certification process for products and services. With the signing of this agreement, BTMU will closely collaborate with HDC by organizing joint events to provide accurate information through knowledge transfer, training and consultancy assistance to companies interested in obtaining the halal certification or forging business ventures with companies in halal-related industries.

In Japan, the interest and demand for halal-certified products and services continue to rise. Malaysia has the aspirations to become a global hub for the production and trade of halal products and services and has been proactively promoting its cause to Japanese companies. More Japanese enterprises have started investing into Malaysia halal-related industries.

BTMU, with its 56 years of history in Malaysia, has a variety of experience in supporting its corporate clients' investments in Malaysia. Through this MOU, BTMU aims to provide further enhanced value-added services to meet the ever-changing needs of our customers planning to invest in Malaysia, especially in halal-related industries.