`OSError: [Errno 8] Exec format error` when doing `terraform init`

After starting the virtual env using `pipenv shell` when I try to execute `terraform init` I get this error:

```
 File "/Users/ujaved/.local/share/virtualenvs/ai_infra-sC-Ynr6r/lib/python3.9/site-packages/terraform.py", line 45, in main
    os.execv(TERRAFORM_EXECUTABLE, ["terraform"] + args)
OSError: [Errno 8] Exec format error
```

Do you know what the issue is and how to fix it?