Micro Waqf Banks as Catalysts for Women's Empowerment in Nigeria: An Islamic Social Finance perceptive

This study investigated the role of the Micro Waqf Bank in empowering female microentrepreneurs. This study employed a quantitative research design. This quantitative study examines the impact of the joint responsibility system, finance, and mentoring on the growth of micro-enterprises. The purposive sampling technique was employed to choose a sample of 205 female micro-entrepreneurs. The Structural Equation Model (SEM) method was used to analyse quantitative data. The study's findings indicate that the joint responsibility structure, finance, and mentoring have a significant impact on the development of micro-enterprise members. Mentoring is the most important factor influencing the growth of a microenterprise business. Qualitatively, the research findings demonstrate the importance of the Micro Waqf Bank in the economic empowerment of women micro-business owners, notably advocating the reinforcement of the mentoring function through awareness, accessibility, political empowerment, cultural regulatory policies towards enhancing women empowerment.