IslamicFinance.de

Halalbooking.com, an online booking platform in the halal tourism sector, said it was targeting growth, with plans to launch a $1 billion (Dh3.67 billion) initial public offering (IPO) in three years, according to Elnur Seyidli, chairman of the company’s board. The UK-based company is still looking at global stock markets for the IPO but said it will either be in the UK or the US. Halalbooking has been growing to three times its initial size per year (300 per cent). The chairman said that the company was looking to grow its consumer base to half a million to a million per year. This will be achieved through adding more hotels to the website. He added that he expected growth in the next few years to come from Muslim countries. Halalbooking is also looking to capitalise on the GCC as a source market.