HALAL-certified logistics and ride-hailing operator, Faszz Technology (M) Sdn Bhd, is acquiring a 51% stake in Incite Foodtech Sdn Bhd (IF), paving the way for the establishment of the country’s first unified halal ecosystem.
The acquisition is expected to be completed by year-end. Faszz founder Datuk Ishak Mohd Ishtiaq says the acquisition will enable the company to advance its ambition of building a first-of-its-kind unified halal ecosystem, from food delivery service, grocery marketplace and ride sharing to Islamic financial technology.