HalalStreet.co.uk Announces Global Expansion and Strategic Funding Initiative

LONDON (13th Jan) – HalalStreet.co.uk, a pioneering Malaysian export e-commerce platform specializing in Halal and Muslim-friendly products, has announced its ambitious global expansion plans. Established in 2016 and headquartered in Kuala Lumpur, the platform has rapidly emerged as a leader in the global Halal industry, achieving significant milestones and redefining the export of Halal-certified products.

Building on its proven minimum viable service product, HalalStreet.co.uk is expanding its service offerings to cater to a growing global demand for Halal-certified goods. Initially focused on selling Malaysian Muslim and Halal products in the UK, the platform is now targeting international markets, driven by organic growth and increasing requests from new regions.
Halalstreet.co.uk has emphasised the analysis of local legislation to ensure compliance, prior to entering any jurisdiction. This mitigates regulatory risk and ensures domestic relatability for new customer base.
To support this expansion, HalalStreet.co.uk has set ambitious goals, targeting a revenue of £20 million over the next three years.

Expanding Beyond Borders

HalalStreet.co.uk currently operates on both a business-to-consumer (B2C) and business-to-business (B2B) model, selling exclusively Malaysian Halal products in the UK. Recognizing the immense potential of the global Halal market, the platform is now exploring partnerships to offer products originating from Indonesia, Turkey, and Gulf Cooperation Council (GCC) countries, leveraging its expertise to scale worldwide. With plans to expand into 5 countries over the next three years, HalalStreet.co.uk is poised for exponential growth. The platform has already captured attention from countries such as Turkey, Indonesia, Canada, and the GCC region. With an impressive year-on-year growth rate of 97 – 100% and a catalogue that now features over 4,000 Malaysian Muslim SKUs, the company has facilitated actual sales for hundreds of Malaysian SMEs, in the UK alone.

Strategic Moves to Meet Global Demand

To address the burgeoning global interest in Halal and Muslim-friendly products, HalalStreet.co.uk is set to adopt a singular, globally recognized online Halal standard crafted specifically for e-commerce. The company is currently evaluating standards such as Malaysia’s JAKIM certification, widely regarded as the gold standard in Halal certification, as well as Singapore’s MUIS certification and the Pakistan Halal Authority’s standard, both of which are internationally respected.

HalalStreet.co.uk is also extending its reach in the UK by entering the wholesale sector, with plans to stock products on the shelves of a leading UK-based global wholesaler that serves over 5,000 retail outlets. This initiative, currently in advanced stages of negotiation, is expected to organically expand the company’s footprint into additional countries, with final agreements anticipated soon. Halalstreet.co.uk aims to grow its subscriber base to 2 million subscribers within the next five years, ensuring it remains a global leader in Halal e-commerce.

Strategic Funding for Expansion

In a significant development, HalalStreet.co.uk has announced plans to raise expansion funding through strategic partnerships over the next 2 years. This funding will enable the platform to strengthen its infrastructure, scale its operations, and solidify its position as a global leader in the Halal e-commerce space. By partnering with forward-thinking investors, HalalStreet.co.uk aims to enhance its service offerings, diversify its product range, and continue setting benchmarks in the industry.

About HalalStreet.co.uk – A Platform with Proven Excellence

Founded in 2016, HalalStreet.co.uk was established by Salam Souk UK Sdn Bhd, to meet the growing demand for Halal and Muslim-friendly products in the UK. With its headquarters in Kuala Lumpur and a UK base in Leicester, the platform provides a business matchmaking bridge for Malaysian producers to reach global audiences, ensuring quality, reliability, and a commitment to Islamic principles.

HalalStreet.co.uk has been recognized as the 2023 Best Halal Online Platform of the Year and operates from a 5-star certified warehouse in Leicester, adhering strictly to UK Food Standards Agency (FSA) guidelines. The company’s seamless operations and deep-rooted ties with Malaysian producers ensure authenticity, high-quality products, and an unparalleled customer experience. The company received Diversity and Inclusion award by the British Chamber of Commerce. This captured HalalStreet.co.uk’s passion in #breakingthebias and empowering Malaysian women entrepreneurs.

Further, the esteemed Islam Channel in the UK awarded HalalStreet.co.uk the Food & Beverage Business of the Year.
Having also received the prestigious Malaysia Digital MD certification, this marked the Malaysian government’s recognition of HalalStreet.co.uk as a distinct contributor to the digital and export landscape of Malaysia. The company continues to innovate and grow while maintaining its cultural authenticity.