Waqf microfinance as an alternative and sustainable government empowerment tool towards women in Northern Nigeria: a perceptional analysis

Muhammad, Tijjani and Al-Shaghdari, Fahd Mohammed Obad (2025) Waqf microfinance as an alternative and sustainable government empowerment tool towards women in Northern Nigeria: a perceptional analysis. Journal of Business and Socio-economic Development, 5 (4). pp. 338-354. ISSN 2635-1374 E-ISSN 2635-1692

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Abstract

Purpose – The study investigates the perception of Northern Nigeria’s women toward addressing unemployment and enhancing microeconomic activities using the uniquely proposed Waqf microfinance model. Design/methodology/approach – This quantitative study relies on analytical techniques using random and probability sampling strategies. Based on their geographical distribution and business sector diversity, the study selected 346 businesswomen and customers participating in local businesses in Northern Nigeria. Structural equation modeling (SEM) and confirmatory factor analysis (CFA) were used for the analyses. Findings – The study indicates a strong relationship between Waqf microfinance and women’s empowerment in promoting women’s sustainable development. Therefore, the study suggests using Waqf microfinance frameworks towards an endowment to empower women’s microeconomic activities in Northern Nigeria. The findings also justify the direct and indirect effects of the relationship in promoting sustainable schemes for women’s empowerment in Nigeria. Further, it indicates the potential for a women’s empowerment scheme using Waqf’s microfinance based on SEM. Practical implications – The study sheds light on the potential of Waqf microfinance as a tool for developing microeconomics through women’s empowerment in Northern Nigeria. Originality/value – This study marks a significant milestone in the field. It is the first to explore the perception of Waqf microfinance as a viable choice for women’s empowerment.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Waqf microfinance, sustainability, women, empowerment, Northern Nigeria
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH741 Waqf
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Fahd Mohammed Obad Al-shaghdari
Date Deposited:	15 Dec 2025 10:42
Last Modified:	15 Dec 2025 10:42
Queue Number:	2025-12-Q982
URI:	http://irep.iium.edu.my/id/eprint/125893

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