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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Bibliographic Details
Authors: Hayat, Raphie (Author) ; Den Butter, Frank (Author) ; Kock, Udo (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2013
In: Journal of business ethics
Year: 2013, Volume: 117, Issue: 3, Pages: 601-613
Further subjects:B Islamic Finance
B L15
B transaction costs
B D23
B L14
B Certification
B D82
Online Access: Presumably Free Access
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