Tripfez, a provider of halal travel content to several major OTAs in the Middle East, has marked a major milestone as Malaysia’s first Islamic Digital Economy (IDE) compliant travel firm. The Online Travel Agency (OTA), Asia’s leading provider of Muslim-friendly travel packages, which recently merged with the Middle East’s award-winning holiday booking site, holidayme, is the only company in the travel industry to receive a verification and listing by the Malaysia Digital Economy Corporation (MDEC).
This distinction follows MDEC’s recent introduction of Malaysia’s first IDE Mi’yar as it consolidates its position as the world’s leading Islamic economy and reinforces Tripfez’s reputation as a leading halal travel brand, regionally and in global growth markets including the Middle East. To be listed as IDE compliant, companies are required to comply with the Shariah Compliant Startup Mi’yar and Mi’yar for Technology Product & Services, which is validated through a screening process to scrutinise business activities in the digital space, as well as the operational end-to-end processes within the company — from product and services and financial management to capital structure.
Shariah advisory firm, the Amanie Group, which specialises in Islamic financial services, conducts the screening process. “IDE compliancy sets Tripfez apart from the competition, providing a clear message to our customers and our investors that we are the leading Muslim travel brand in every respect, from the products and services we offer to the way in which we conduct our business,” said Tripfez Founder & CEO, Faeez Fadhlillah, Asia’s most widely-known and influential entrepreneur in the halal tourism arena. “A robust Islamic Digital Economy provides Malaysia with a distinct competitive advantage and Tripfez is proud to be leading the way in the field of travel and tourism, positioning the country as the world’s leader in Muslim-friendly online travel services.”