Islamic Finance as an Alternative Source of Funding for Women Entrepreneurs in Sokoto State, Nigeria
Journal Title: Asian Journal of Management Sciences and Education - Year 2014, Vol 3, Issue 3
Abstract
Women entrepreneurship development has become essential to any economy which strives to achieve growth and development, therefore financing for this sector has as well become crucial in order to achieve the above stated objective. However in the case where the financing strategies has not produce positive outcome, then there is need for an alternative means of finance for the above stated sector. This study therefore attempts to examine the potential of Islamic finance as an alternative source of funding for women entrepreneurs in Sokoto. This paper is based largely on academic research currently undertaken by the researcher on women entrepreneurs in Sokoto state of Nigeria. This paper is a conceptual in nature in which analytical method was employed based on previous literatures to explain the potentials and importance of Islamic finance to the women entrepreneur’s business performance in Sokoto state. The finding shows that finance remains a major impediment to women entrepreneur’s business performance in Sokoto state. the study also find out that the current mode of financing for business women in Sokoto such as personal savings ,family and friends , commercial banks , government , has not been able to produce positive results in terms of their business performances, therefore there is a need for an alternative source of founding. The study conclude that Islamic finance has a role to play in financing women entrepreneurs in Sokoto through its micro finance products such as Mudarabah, Musharakah, Murabahah, Ijarah, Wakalah etc. The study also suggests that Islamic banks in Nigeria should take advantage of this Niche area of women entrepreneurs and explore the opportunities untapped.
Authors and Affiliations
Usman , Balogun, Ummi Salwa Bustamam, Fuadah Johari
Keywords
Related Articles
- EP ID EP136983
- DOI -
- Views 143
- Downloads 0
OBSERVED LEADERSHIP BEHAVIOUR OF PRIMARY SCHOOL HEAD-TEACHERS IN OSUN STATE, NIGERIA
The primary school head-teacher is the most important and influential individual in the school. It is his or her leadership that shapes the school’s learning climate, the level of relationship between staff, and...
THE NEED FOR COUNSELLING IN MANAGING HIV/AIDS INFECTED PEOPLE AT THE UNIVERSITY OF MAIDUGURI TEACHING HOSPITAL, MAIDUGURI, BORNO STATE, NIGERIA
This study investigated the need for guidance and counseling in the de-stigmatization of HIV/AIDS-infected patients at the University of Maiduguri Teaching Hospital. The population was HSIV/AIDS infected patients...
THE PRACTICE OF E-LEARNING BASED LEARNING MANAGEMENT
This study aims to create a learning management model based on e-learning in the context of improving the quality of e-based learning which is now less manageable. E-learning based learning management is profoundly poten...
Analysis of Anti-Terrorism Policy in Indonesia: A Preventive Study in Preventing Terror Action from the Perspective of Collective Action Theory
This study is developed based on the phenomena of terrorism acts which have curled in Indonesia recently. This study attempts to scrutinize the handling and tackling patterns of terrorism actions so far. This study aims...
Development of a Psychological Well-being Scale for College Students in Taiwan
This study combined the factors influencing psychological well-being proposed by Ryff and Keyes, including autonomy, environmental mastery, self-acceptance, positive relationships with others, personal growth, and purpos...