Photo supplied by Bukalapak

Islamic Lifestyle Islamic Finance

Indonesian’s first listed e-commerce unicorn Bukalapak to expand Shariah features after $1.5 billion IPO


JAKARTA – Following its $1.5 billion initial public offering (IPO) on Friday (August 6), Indonesian e-commerce unicorn Bukalapak plans to expand its Shariah features in the medium-term, Yenny Wahid, its commissioner told Salaam Gateway.

The online marketplace currently has several Shariah features, including BukaZakat (zakat payment), BelanjaBerkah (halal industry virtual stores), an Islamic payment gateway, Islamic financing and BukaReksa Syariah (Islamic mutual fund investments). 

The company plans to bring more of its 6 million merchants and 6.9 million online sellers into the halal value chain. 

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IPO