Online travel platform HalalBooking secures £1.6 mln UK government-backed coronavirus loan
LONDON - UK-based HalalBooking has secured a £1.6 million ($2 million) Coronavirus Business Interruption Loan (CBILS), a UK-government-backed facility for small and medium sized enterprises (SMEs) to cope with the economic disruption from the crisis.
“This loan is purely a short-term measure to ensure that we are fully prepared, even in the worst case scenario, over the next few months,” Elnur Seyidli, CEO of HalalBooking told Salaam Gateway.
He said the reason for taking the loan now is to ensure the business is prepared, even if travel does not return in 2020.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
