Hayat, Raphie; Butter, Frank A.G. den; Kock, Udo - Tinbergen Instituut - 2011
certification of financials product may reduce transaction costs for its buyers when it provides a trusted standard for investors … limited knowledge of finance. Therefore it is questionable whether the reduction in transaction costs through halal … assume the current role of the halal certifiers, may enhance the reputation of certifies and reduce the transaction costs …