March 24, 2014 1:30 pm JST

Japan's Sumitomo Mitsui Banking has high hopes for halal

TOKYO -- Sumitomo Mitsui Banking will tie up with Indonesia's largest agricultural university to help Japanese companies acquire halal certification, which is used to show food was processed in accordance with Islamic law.

     The Japanese bank will Monday afternoon sign a memorandum of understanding with Bogor Agricultural University, which gives advice on halal foods and products. 

     Under the agreement, the Indonesian school will serve as an intermediary between Indonesian farmers and businesses and Japanese companies looking to enter the Islamic markets. It will also help Japanese companies conduct pilot projects and provide manpower.