Halal Certification for Financial Products: A Transaction Cost Perspective

We argue that although halal certification could potentially reduce the high transaction costs related to buying Islamic financial products, in practice these costs are just replaced by transaction costs relating to the certification itself. It takes considerable time (2-3 months) and money (USD 122...

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Veröffentlicht in:	Journal of business ethics 2013-10, Vol.117 (3), p.601-613
Hauptverfasser:	Hayat, Raphie, Butter, Frank Den, Kock, Udo
Format:	Artikel
Sprache:	eng
Schlagworte:	Banking Banking regulation Business and Management Business Ethics Certification Cost estimates Costs Earnings Economic incentives Education Ethics Finance Islam Islamic banking Islamic financing Islamic law Management Muslims Non-profit organizations Philosophy Quality of Life Research Quran Regulation of financial institutions Schools Sharia Social responsibility Studies Transaction costs Universities University administration
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