Halal Entrepreneurialism effect on Halal Food Industry Future in Ethiopia: Mediation role of Risk Propensity and Self Efficacy

Abstract

As the Prophet and His followers engaged in it as a respectable vocation, the idea of entrepreneurship is not a novel one in Islam, as can be seen from history. To describe and distinguish entrepreneurs in the Halal market from those in other industries, Islamic economic researchers have recently coined the phrase "Halal entrepreneurship" or "Halalpreneurship." The incorporation of Islamic principles reshapes business owners in the Halal sector through specific characteristics that allow for the use of the terms "Halalpreneurs" and "Halalpreneurship." Only a few academic studies, though, have attempted to define Halalpreneurship. This chapter seeks to accomplish two key goals in this context. First, to give a thorough introduction to Halal entrepreneurship (Halalpreneurship) by highlighting the key characteristics that set it apart from other forms of entrepreneurship. Such comprehension and information will enable one to recognize his or her position as a Halalpreneur in the Halal sector. Second, to identify business prospects for Halalpreneurs in various Halal industrial areas around Ethiopia through self-efficacy and risk propensity. The chapter uses content analysis methods to accomplish its goals through reading research papers, books, journals, and articles from various secondary sources.