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Empowerment of Women-Owned Businesses through Islamic Financial Inclusion Instruments: The Role of Crowdfunding

Year: 2025

Type: article

Abstract: Women entrepreneurs face financial constraints due to limited access to traditional banking, lack of collateral, and systemic biases. This study explores Sharia-compliant crowdfunding as an alternative financing model to enhance financial inclusion. Using a qualitative approach with library research, the study proposes a model integrating social intermediation (group formation, client appraisal, capacity building) and financial intermediation (qardh hasan for interest-free loans, musyarakah for investment-based financing). Findings suggest this approach can bridge the financing gap, promote women's economic participation, and create a more inclusive financial ecosystem. Expanding Islamic crowdfunding and financial literacy can further empower women entrepreneurs and drive sustainable economic growth.

Source: Jurnal Ekonomi dan Bisnis Islam (JEBI)

DOI: 10.56013/jebi.v5i1.3831

Authors: Muhammad Al Berto, Nabil Ghazy Hamdun, Moh Arifal Abror

Institution: Sunan Kalijaga State Islamic University Yogyakarta

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth, Gender equality, No poverty

Open Access status: diamond

OpenAlex ID: W4409651415

FWCI: 2.751

Cites:

Cited by: 1

Related to: 10