IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-99-6427-7_9.html
   My bibliography  Save this book chapter

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

In: Contemporary Discourse of Halal and Islamic Entrepreneurship

Author

Listed:
  • Saheed Adebowale Nurein

    (American University of Nigeria)

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.

Suggested Citation

  • Saheed Adebowale Nurein, 2023. "Nexus of Halal Entrepreneurship and Islamic Finance for the Creation of a Strong Halal Ecosystem," Springer Books, in: Lukman Raimi & Salisu Monsuru Adekunle & Muhammad Salman Shabbir (ed.), Contemporary Discourse of Halal and Islamic Entrepreneurship, pages 133-144, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-6427-7_9
    DOI: 10.1007/978-981-99-6427-7_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Halal entrepreneurship; Islamic finance; Halalpreneurship; Sharīah-compliant;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-99-6427-7_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.