KUALA LUMPUR: CIMB Group Holdings Bhd and its collaborators aim to capture 5% to 10% in trade financing from the China halal market, which is forecast to be worth US$2 trillion by 2021.
CIMB Islamic Bank Bhd chief executive officer Rafe Haneef said the target would be driven by the CIMB Asean-China Halal Corridor initiative, an enhanced trade network linking halal businesses across China and the region emphasising on the agribusiness, cosmetics, food and beverages, modest fashion and pharmaceuticals sectors.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!