Can Halal economics make any difference on the happiness of the Nigerian citizenry?
The petroleum sector is mainstay of the Nigerian economy. This makes the economy suffer sole sector cool feet syndrome. Therefore, the study aimed at ascertaining whether Halal economic system, as alternative system to the on-going system of overdependence on oil sector could improve the Nigeria Happiness. The finding revealed that Nigeria is of course not happy and Halal economic system is a prone opportunity for diversification in the international market place to improve Nigerian happiness. The study conclude that Halal economic system of course is a product of Islamic religious ethics, but the choice and acceptance of its values in the global arena is based more on objectivism and capitalism or globalisation.
Ager, S. N. S., Abdullah, M., Shahwahid, F. M., Wahab, N. A., & Saidpudin, W. (2015). An Analysis of the Dfintion of Halal: Shari'ah vs Statutes. Paper presented at the World Academic and Research Congress 2015, Jakarta, Indonesia.
Ajani, S. T., Idowu, A. R., & Olatubosun, A. A. (2013). Prospects of Islamic Banking in Nigeria: An Overview of Islamic Financial Theories of Al-Hayat Relief Foundation to Grassroots Economic Development.
Al-Attas, M. N. (1993). The meaning and experience of happiness in Islām: International Institute of Islamic Thought and Civilization.
Barrow, R. (2012). Happiness (Vol. 131). New York: Routledge Taylor and Francis Group.
Blanchflower, D. G., Bell, D. N., Montagnoli, A., & Moro, M. (2014). The Happiness Trade‐Off between Unemployment and Inflation. Journal of Money, Credit and Banking, 46(S2), 117-141.
Bruni, L. (2006). Civil Happiness: Economics and Human Flurishing in Historical Perspective London: Routladge, Tailor and Francis Group.
Choudhury, M. A. (2004). The Islamic World-System: A study in Polity–market Interaction. London: RoutledgeCurzon.
Clark, A. E. (2017). Happiness, income and poverty. International Review of Economics, 1-14.
Dolan, P., Peasgood, T., & White, M. (2008). Do we Really know what makes us Happy? A Review of the Economic Literature on the Factors Associated with Subjective Well-being. Journal of economic psychology, 29(1), 94-122.
Dutt, A. K., & Radcliff, B. (2009). Introduction: Happiness, conomics and Politics. In A. K. Dutt & B. Radcliff (Eds.), Happiness, Economics and Politics: Towards a Multi-Disciplinary Approach Massachusetts: Edward Elgar Publishing Limited.
Easterlin, R. A. (1995). Will raising the incomes of all increase the happiness of all? Journal of Economic Behavior & Organization, 27(1), 35-47.
Elasrag, H. (2016). Halal Industry: Key Challenges and Opportunities: Munich Personal RePEc Archive.
Evans, A., & Syed, S. (2015). From Niche to Mainstream: Halal Goes Global. In J. Freedman & N. Domeisen (Eds.), Trade Impact for Good. Geneva: International Trade Centre.
Ewugi, M. S., Karim, M. Z. A., & Abdul-Hakim, R. (2015). The Quest for Maslow’s Self- Actualisation Need in Leadership: A Review of Happiness in the Nigerian Economy. Mediterranean Journal of Social Sciences, 6(1), 471.
Frey, B. S. (2008). Happiness: A Revolution in Economics. MIT Press Books.
Frey, B. S., & Stutzer, A. (2002). Happiness and Economics. Princeton: Princeton University Press.
Graham, C. (2005). The Economics of Happiness. World Economics, 6(3), 41-55.
Graham, C. (2011). The pursut of Happiness: An Economy of Well-being. Washington, D.C.: Brookings Institution Press.
Helliwell, J., Layard, R., & Sachs, J. (2016). World Happiness Report: United Nations.
Hout, M. (2016). Money and morale: Growing inequality affects how Americans view themselves and others. The ANNALS of the American Academy of Political and Social Science, 663(1), 204-228.
ICD. (2017). China:Forging the Next Phase of Growth. Jiddah, Saudi Arabia: The Islamic Corporation for The Development of the Private Sector.
Is-haq, O. O. (2015). Islam in Nigeria: A Century of National Islamic Societies. Journal of Islam in Nigeria, 1(1), 1.
Islahi, A. A. (2008). Shehu Uthman Dan Fodio and his Economic Ideas: Munich Personal RePEc Archive.
Kammer, A., Norat, M., Piñón, M., Prasad, A., Towe, C., & Zeidane, Z. (2015). Islamic Finance: Opportunities, Challenges, and Policy Options. In I. M. Fund (Ed.): IMF.
Kaun, D. E. (2005). Income and happiness: earning and spending as sources of discontent. The Journal of Socio-Economics, 34(2), 161-177.
Martin, M. W. (2012). Happiness and the Good Life. New York: Oxford University Press.
Mgbenka, R., Mbah, E., & Ezeano, C. (2015). A review of small holder farming in Nigeria: Need for transformation. Agricultural Engineering Research Journal, 5(2), 19-26.
Mirakhor, A., & Askari, H. (2010). Islam and the Path to Human and Economic Development. New York: Palgrave Macmillan.
Muhammad, H. (2017). Nigeria out of $2.3tr market for lack of Halal certification agency – Mughal, Daily Trust. Retrieved from https://www.dailytrust.com.ng/news/business/nigeria- out-of-2-3tr-market-for-lack-of-halal-certification-agency--mughal/210861.html
Nussbaum, M. C. (2005). Mill between Aristotle and Bentham. In L. Bruni & P. L. Porta (Eds.), Economics and Happiness: Framing the Analysis. New York: Oxford University Press.
Oishi, S., Graham, J., Kesebir, S., & Galinha, I. C. (2013). Concepts of Happiness Across Time and Cultures. Personality and Social Psychology Bulletin, 39(5), 559-577.
Onuoha, F. C., Ichite, C. M., & George, T. A. (2015). Political, Economic and Security ChallengesFacing President Buahari. In A. J. C. f. Studies (Ed.).
Pasinett, L. (2005). Paradoxes of Happiness in Economics. In L. Bruni & P. L. Porta (Eds.), Happiness and Economics: Framing the Analysis New York: Oxford University Press.
Pasinetti, L. (2005). Paradoxes of Happiness in Economics L. Bruni & P. L. Porta (Eds.), Economics and Happiness: Framing the analysis
Polonsky, M. J., Jones, G., & Kearsley, M. J. (1999). Accessibility: An Alternative Method of Ranking Marketing Journals? Journal of Marketing Education, 21(3), 181-193.
Sgroi, D., Hills, T., O’Donnell, G., Oswald, A., & Proto, E. (2017). Understanding Happiness: A CAGE Policy Report. In K. Brandon (Ed.). London: Centre for Competitive Advantage in the Global Econom.
Shikoh, R.-u. (2015). State of Global Islamic Economy. In I. Kouvalis (Ed.), 2014 - 2015 Report: Thomson Reuters
Tay, L., Morrison, M., & Diener, E. (2014). Living Among the Affluent Boon or Bane? Psychological science, 0956797614525786.
Tian, G., & Yang, L. (2005). A Formal Economic Theory for Happiness Studies: A Solution to the Happiness-Income Puzzle: Mimeo, Texas A&M University.
Veenhoven, R. (1991). Is Happiness Relative? Social indicators research, 24(1), 1-34.
Zaman, S. M. H. (1984). Definition of Islamic Economics Journal of Research in Islamic Economics, 01(02), 49 - 50.
Global Business Management Review (GBMR) has taken all reasonable measures to ensure that material contained in this website is the original work of the author(s). However, the Journal gives no warranty and accepts no responsibility for the accuracy or the completeness of the material; no reliance should be made by any user on the material. The user should check with the authors for confirmation.
Articles published in the Global Business Management Review (GBMR) do not represent the views held by the editors and members of the editorial board. Authors are responsible for all aspects of their articles except the editorial screen design.
Submission of an article is done with the understanding that the article has not been published before (except in the form of an abstract or as part of a published lecture, or thesis) that it is not under consideration for publication somewhere else; that if and when the article is accepted for publication, the author's consent to automatic transfer of the copyright to the publisher.