The Role of Women’s Entrepreneurship in Financial Development Under the Islamic Context

Abstract

Men continue to dominate power structures, education, economics, and travel, while women's roles are largely designated for the home and child-rearing, according to popular belief. But it is a wrong concept. Islam has given equal rights to a man and a woman.  A woman can do work like a man to protect her and her children's lives. Islam provides a complete set of guidelines for living a good life., that discusses every aspect of human life. It wants that human beings protectively spend their lives. Therefore, it teaches how to earn halal food and prefers earning halal food. Really, if a Muslim acts to please Allah (SWT), it is considered worship of Allah (SWT). As a result, business and religion are inextricably linked. Based on the Holy Quran and Hadith, Islam has its entrepreneurial ethos and guiding principles. This research work aims to elucidate that Islam does not prohibit women from working, participating in business activities, or contributing their worth. Many of the Holy Prophet's (PBUH) women companions were engaged in various business practices that are permitted in Islam. The book of Allah (SWT) i.e., “the Holy Qur'an” and Seerah of Hadrat Muhammad (PBUH) i.e., “Sunnah” encourage people (men and women) to work to earn legal income, implying that women's entrepreneurship is permitted. It's also worth noting that more than 1400 years ago, the Muslim woman was given an opportunity of a job, fulfilling of responsibilities, and fundamental rights of spending her life that most women today, even in the West, do not have. Because of its specific theme, this research paper can be useful and insightful for researchers and scholars.