Bird & Bird Corporate team advises on ISDX IPO for world's first online Halal certification platform

07 April 2016

Bird & Bird's Corporate team has advised, the world's first global e-commerce platform to provide Halal verification, on the admission of its entire issued share capital to trade on ISDX Growth Market, a market operated by ICAP Securities & Derivatives Exchange Limited.

A part of the DagangHalal Group, the platform allows the rapidly growing community of Halal suppliers and consumers to trade with confidence, assuring them that the products and services being purchased are Halal.

The global Halal market is one of the fastest growing markets in the world - over the past three financial years the Group's revenue has increased by 187 per cent. 

The team from Bird & Bird comprised Simon Fielder, Justine Abel, Chandini Kanwar and William Porter. As the company is Malaysian-based, they worked closely with local Malaysian firm Tay & Partners, which Bird & Bird has had a cooperation agreement with since 2009.

This deal further supports the firm's wider strategy of expansion into the Asia-Pacific market, and follows work with Malaysian client SyQic Plc on its admission to AIM, on M&A and a secondary placing.

Simon Fielder, Corporate partner at international law firm Bird & Bird said: "We were thrilled to assist the DagangHalal Group with its admission to ISDX. As the Halal market is growing so exponentially, this was a very exciting project to be part of. Our team is increasingly advising more and more Asian and Middle Eastern companies on their IPO activities in London."

Mohamed Hazli Mohamed Hussain, Chief Executive Officer, DagangHalal said: "It was of huge importance to us to find the right advisers to work with. We have been exceptionally pleased with Bird & Bird's advice and guidance, as well as the firm's international expertise, throughout the process. We look forward to continuing the relationship."