The role of Waqf in enhancing the financial inclusion of women entrepreneurs in developing countries

Author

Bello, Shukurat Moronke

Source

Journal of Islamic Business and Management

Issue

Vol. 12, Issue 1 (30 Jun. 2022), pp.125-138, 14 p.

Publisher

Riphah International University Riphah Centre of Islamic Business

Publication Date

2022-06-30

Country of Publication

Pakistan

No. of Pages

14

Main Subjects

Business Administration

Abstract EN

Purpose: To accelerate modern micro-enterprises especially for women in developing countries, waqf can bridge the gap in the financial exclusion of women in entrepreneurship activities.

The goal of this research is to identify the extent to which financial inclusion can enhance women’s economic empowerment in developing countries through waqf.

Methodology: This study used a desk-based review of the literature to gain insight into the concept of the research variables.

Findings: The paper revealed that property waqf, cash waqf, and corporate waqf can influence women’s economic empowerment through the development of physical capital, financial capital, and human capital.

Significance: This paper reviewed the extant literature to provide a research framework that will accelerate women entrepreneurship, enhance Islamic wealth management and financial inclusion of women in Muslim societies.

Theoretically, this study has contributed to the body of knowledge in Islamic finance, women empowerment and entrepreneurship development.

Limitations This study only focused to the body of knowledge in women empowerment and entrepreneurship development in developing countries.

Practical Implications: Practically, access to the financial system will be improved by increasing the access of small businesswomen entrepreneurs, resulting in an increase in asset ownership, wealth creation, and serving as a catalyst for larger economic empowerment.

Women’s entrepreneurship in can be improved with adequate knowledge of waqf instruments, conscious planning, and implementation by relevant stakeholders.

KAUJIE Classification: E22, I0 JEL Classification: G29, L26, O10

American Psychological Association (APA)

Bello, Shukurat Moronke. 2022. The role of Waqf in enhancing the financial inclusion of women entrepreneurs in developing countries. Journal of Islamic Business and Management،Vol. 12, no. 1, pp.125-138.
https://search.emarefa.net/detail/BIM-1429414

Modern Language Association (MLA)

Bello, Shukurat Moronke. The role of Waqf in enhancing the financial inclusion of women entrepreneurs in developing countries. Journal of Islamic Business and Management Vol. 12, no. 1 (2022), pp.125-138.
https://search.emarefa.net/detail/BIM-1429414

American Medical Association (AMA)

Bello, Shukurat Moronke. The role of Waqf in enhancing the financial inclusion of women entrepreneurs in developing countries. Journal of Islamic Business and Management. 2022. Vol. 12, no. 1, pp.125-138.
https://search.emarefa.net/detail/BIM-1429414

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 135-138

Record ID

BIM-1429414