Nexus of Halal Entrepreneurship and Islamic Finance for the Creation of a Strong Halal Ecosystem

Saheed Adebowale Nurein ()
Additional contact information
Saheed Adebowale Nurein: American University of Nigeria

A chapter in Contemporary Discourse of Halal and Islamic Entrepreneurship, 2023, pp 133-144 from Springer

Abstract: Abstract Islamic finance is essential for halal entrepreneurship because both are business processes that operate based on the Shariah and are integral part of the halal industry. Integrating Islamic finance with halal industry enhances the growth of halal entrepreneurship and its ecosystem. This chapter aims to create awareness on the nexus of halal entrepreneurship and Islamic finance for creating a strong halal ecosystem. This awareness creates a better understanding of the contribution of both halal entrepreneurship and Islamic finance to the halal ecosystem and proffer basis for further research. This study reviewed that halalpreneuers ecosystem must be fully enhanced by Islamic finance through integration to achieve a strong halal ecosystem, which offers significant benefits, including improved access to capital, ethical financing practices, market integration, product development, capacity building, and branding opportunities. In spite of its challenges like lack of awareness of Islamic finance products, its fragmentation across different borders regulatory frameworks among many few, such integration could still strengthen the overall halal ecosystem, foster entrepreneurship, and drive sustainable economic growth.

Keywords: Halal entrepreneurship; Islamic finance; Halalpreneurship; Sharīah-compliant (search for similar items in EconPapers)
JEL-codes: G2 G21 G23 G24 J23 L26 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-6427-7_9

Ordering information: This item can be ordered from
http://www.springer.com/9789819964277

DOI: 10.1007/978-981-99-6427-7_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().