An overlooked aspect of halal supply chains - Islamic finance

Abstract

Research in halal supply chain management (HSCM) and Islamic finance are well studied but as separate domains and have never been investigated together. The overlooked aspect of Islamic finance in HSCM would lead to ambiguity, operational misalignment, or inconsistent conceptualisation that prevents scholars from a complete comprehension of the discipline. This paper thereby aims to uncover the factors limiting the HSCM-Islamic finance recognition and the convergence of Islamic finance in HSCM. The paper draws upon reviews and ethnographic content analysis of existing literature in the HSCM and Islamic finance domains. Deliberations outlined in this paper identified the absence of standards specification, institutional challenges, and the lack of training as the probable factors hampering the scant scrutinisation of Islamic finance in HSCM research.