Hayat, Raphie; Butter, Frank; Kock, Udo - In: Journal of Business Ethics 117 (2013) 3, pp. 601-613
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 122.000) to obtain a halal certification. Partially, this is …