PAYHALAL, MRSB INK STRATEGIC ALLIANCE
Souqa to provide Brunei-based firm syariah-compliant e-commerce platforms
PAYHALAL has signed a strategic alliance agreement with Brunei-based Multipro Resources Sdn Bhd (MRSB) to provide syariahcompliant e-commerce platforms to the latter.
PayHalal is a syariah-compliant payment gateway operated by Souqa Fintech Sdn Bhd,
Through the agreement, PayHalal will provide the necessary platforms for MRSB and its group of companies to operate their diverse investments.
These include halal endeavours in the supply-chain facilitation, certifications and compliances, financial services, online and offline trade hubs and marketing, as well as markets and convenience stores.
The businesses under this agreement will cover Brunei, Labuan, Brunei-IndonesiaMalaysia-Philippines East Asean Growth Area (BIMP-EAGA), Asean and Asean+3.
The agreement was signed between Souqa Fintech chief executive officer (Asia Pacific) Ja’afar Rihan and MRSB chief executive officer Datuk Sri Hanis Adenan on the sidelines of the Business Council Tertiary Industry Showcase 2019.
Also present was BIMP-EAGA Brunei Business Council executive chairman Pengiran Yura Kesteria Pengiran Mohd Yusuf.
“PayHalal and MRSB has mutually agreed to form an alliance to tap each other’s strengths.
“We hope to be of assistance to MRSB in providing syariah-compliant e-commerce platforms and services that will give both businesses and customers, especially but not limited to Muslims, a peace of mind in their everyday dealings,” said Ja’afar.
“We, in turn, also hope to be able to stretch our wings to be the world’s first syariah-compliant payment gateway and tap other markets beyond Asean’s consumer base in the future.
Souqa Fintech is an Islamic financial technology firm which aims to help Muslim entrepreneurs and customers comply with the syariah trade law.
MRSB is a special purpose vehicle for the United Nations World Rehabilitation Organisation, which raises capital for mandated projects not only in the BIMP-EAGA area and Asean, but also worldwide.
“This deal allows us to penetrate the Asean+3 markets — China, Japan and South Korea.
“We are confident that more traders will see the benefit and potential of doing business transactions via online Islamic platforms, which will naturally appeal to the growing Muslim consumers worldwide,” added Ja’afar.