Malaysia’s B2B halal e-commerce platforms DagangHalal, Zilzar, AladdinStreet: Where are they now?
*CORRECTION: The paragraphs about Mastercard and Zilzar have been corrected to clarify that Mastercard is not Zilzar's primary financier as originally told to Salaam Gateway by Fazmi Zakaria, a business relations assistant at Zilzar. We have also corrected that Zilzar currently is not a “product showcase” as originally relayed to us by Fazmi Zakaria.
KUALA LUMPUR - Alibaba, Amazon and eBay were founded between 1994 and 1999 and have since grown to become global online retail giants. Late to e-commerce, Malaysia’s halal platforms DagangHalal, Zilzar and AladdinStreet started between 2007 and 2016 chasing the global Islamic economy. How are they doing now?
E-commerce platforms contributed 74.6 billion Malaysian ringgit ($18.3 billion), or 6.1 percent, to Malaysia’s GDP in 2016, according to latest available data from the national statistics department. In ringgit value, the sector grew 9.3 percent thanks in large part to non-ICT industries, the Malaysia Digital Economy Corporation (MDEC) told Salaam Gateway.
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Samantha Cheh