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1 – 10 of over 4000Rashed Jahangir and Mehmet Bulut
This study aims to propose a model to elevate the financial empowerment of Muslim women by rejuvenating the practice of Mahr in society and facilitating the affordability of men…
Abstract
Purpose
This study aims to propose a model to elevate the financial empowerment of Muslim women by rejuvenating the practice of Mahr in society and facilitating the affordability of men to pay that Mahr amount.
Design/methodology/approach
The approach of this study is to offer a model through the interest-free savings-based finance concept. The model comprises four stages; each stage of the model is mathematically formulated and graphically explained to ensure clarity and coherence. To further investigate the issue, the authors use a convenient sampling method to ask a small sample size of respondents (women) from different countries about their financial contribution and empowerment in the family.
Findings
This model enables women to turn their exclusive financial right into a source of earning without borrowing from any source or paying interest on the principal amount. Besides, it encourages accelerating men’s obligation to pay the Mahr to the women immediately during the marriage ceremony by facilitating men’s affordability. Almost 45% of respondents state that a woman’s financial contribution exalts her decision-making power and strengthens her financial position in the family.
Social implications
The authors attempt to revitalize Mahr practice in Muslim society to accelerate the process of receiving a woman’s exclusive financial right and empower a family as a whole through the Mahr model.
Originality/value
Considering the model’s uniqueness, the developed and proposed Mahr model in this research is novel; to the best of the authors’ knowledge, no other study has been conducted and developed such a model using the Mahr concept.
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The purpose of this study is to investigate the impact of Islamic microfinance services (IMFS) on women’s empowerment in rural Bangladesh.
Abstract
Purpose
The purpose of this study is to investigate the impact of Islamic microfinance services (IMFS) on women’s empowerment in rural Bangladesh.
Design/methodology/approach
The study is based on a multi-stage sampling technique. The primary data are collected through a face-to-face survey of 389 women respondents who have received IMFS from the Islami Bank Bangladesh Limited. Cronbach’s alpha test is conducted to test the reliability and internal consistency of collected data. Paired-sample tests, logit regression and proportion hypothesis tests are conducted to measure the impact of IMFS on women’s empowerment. Descriptive and inferential statistics are used to interpret the data.
Findings
The study reveals that IMFS have led to structural transformation in the occupation dynamics of the respondents’ families from agriculture to retail businesses. IMFS have had a significant positive impact on household income, savings and expenditure; have improved standard of living and human capital formation; and have enhanced all three dimensions of empowerment, namely, economic empowerment (ECEM), socio-cultural empowerment (SCEM) and familial empowerment (FLEM). Of them, ECEM and SCEM have positively contributed toward overall women’s empowerment, while FLEM has a negative but insignificant impact on overall empowerment. The respondents’ perception also supports the finding that IMFS have benefited rural women and empowered them.
Originality/value
The study is based on primary data. It leads to an inquiry as to whether women are dominant in familial affairs. If so, it may reduce the state of happiness and overall women’s empowerment. There is a clear gap in the existing literature about this inquiry.
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Mukesh Pal, Hemant Gupta and Yogesh C. Joshi
Women empowerment becomes an important policy discussion in development economics and modernization theory. The empowerment of women can lead to an increase in the quality…
Abstract
Purpose
Women empowerment becomes an important policy discussion in development economics and modernization theory. The empowerment of women can lead to an increase in the quality viz-a-viz the capacity of human resources accessible for economic development. The purpose of this study is to evidence the impact of social and economic dimensions on women empowerment through financial inclusion in rural India.
Design/methodology/approach
To reveal the research objective, the study has utilized a primary survey of women respondents from the Gujarat state of India by a simple random sampling method and applied a logistic regression approach to identify the relationship between the need of a bank account (determinant of financial inclusion) as a dependent variable and social and economic dimensions of women empowerment such as earning status, participation in financial decision-making, recipient of social welfare schemes and perception towards the safety of saving as independent variables.
Findings
The results of this study show that earning status, participation in financial decision-making at household level and recipient of social welfare schemes by women have a significant impact on women empowerment through financial inclusion; however, safety of their savings is observed as an insignificant variable, yet the odd value is very high (2.437) in the present study.
Originality/value
The present study is the first of its kind to examine the social and economic status of women and its impact on their requirement of a formal bank account for the overall empowerment of women in rural India.
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Emmanuel Mogaji, Robert Ebo Hinson, Arinze Christian Nwoba and Nguyen Phong Nguyen
Drawing on stakeholder theory, the purpose of this paper examines how Nigerian banks employ their corporate social responsibility (CSR) initiatives to empower women to participate…
Abstract
Purpose
Drawing on stakeholder theory, the purpose of this paper examines how Nigerian banks employ their corporate social responsibility (CSR) initiatives to empower women to participate in economic and commercial activities.
Design/methodology/approach
The methodology of this paper is regarding a thematic analysis of Nigerian banks' annual CSR and sustainability reports.
Findings
A theoretical framework was developed which illustrates the investment foundation (Sustainable Development Goals, Women's Empowerment Principles (WEPs) and Nigerian Sustainable Banking Principles) that supports the different levels of engagement (healthcare, financial, social and career empowerment) aimed at different groups of women (women at large, women in business and women in career) in the society.
Research limitations/implications
The study findings are confined to the banks in Nigeria, focussing on how they empower women to participate in economic and commercial activities.
Practical implications
It is paramount that Nigerian banks consistently report their CSR initiatives. When designing these initiatives, it is equally important to incorporate WEPs, as they are specifically focussed on women.
Social implications
Due to their low-level institutional and financial development, it is important that Nigerian banks design their CSR initiatives to improve women empowerment. While initiatives should be targeted at women's well-being and physical health, it is important to steer women towards financial and social independence through loans, grants and mentorship.
Originality/value
To the best of the authors' knowledge, no other research study has examined how banks in an emerging market use their CSR activities to empower women to participate in financial activities.
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Faisal Aziz, Salman Masood Sheikh and Ijaz Hussain Shah
This paper aims to address the issues of Asian countries toward why females are discouraged and more likely to be removed from the formal financial system than males. Further…
Abstract
Purpose
This paper aims to address the issues of Asian countries toward why females are discouraged and more likely to be removed from the formal financial system than males. Further, whether there is any connection between religion and women’s financial inclusion is also addressed.
Design/methodology/approach
This paper explores gender disparities in the use of structured financial services through multilevel models tailored to the individual. The data from 2004 to 2017 have been used for eight South Asian countries, including Bangladesh, India, Pakistan, Sri Lanka, Afghanistan, Maldives, Nepal and Bhutan. We used a multilevel modeling methodology to estimate the impact of the socio-economic climate on women’s financial inclusion while controlling for individual-level features, with all control variables included, the two-level logistic regression model used for this study.
Findings
The results of this study demonstrate that sex appears to be strongly correlated with the usage of financial services. The study also found that in nations where religious restrictions limit women’s willingness to work for a living, they are less likely than males to own a bank account. However, through legislation and regulations, countries that encourage gender equality in the labor market and have effective regulatory mechanisms to maintain these initiatives appear to have more financially active women.
Practical implications
This research advises that government authorities strengthen women’s empowerment in South Asian countries.
Originality/value
To the best of the authors’ knowledge, this is the first paper that explains the linkage between financial inclusion and women empowerment and will contribute to existing knowledge.
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The purpose of this paper is to examine the impact of the Village Saving and Loans Association (VSLA) on sustainable development (SD) and to explore VSLA as an approach that leads…
Abstract
Purpose
The purpose of this paper is to examine the impact of the Village Saving and Loans Association (VSLA) on sustainable development (SD) and to explore VSLA as an approach that leads to women’s financial empowerment and its impact on SD in Egypt.
Design/methodology/approach
A mixed method was applied for this study, including qualitative and quantitative methods. Qualitative method includes 50 individual interviews with women in the upper Egypt communities that applied the VSLA approach, the quantitative method, on the other hand, relied on secondary data, such as the outcomes of (knowledge, attitude, and practices [KAP]). The VSLA was applied in the Egyptian Community in 2015–2019, according to KAP study reports presented by international funders.
Findings
This study concludes that this VSLA approach helped many women and families to improve their economic situation and overcome financial hardship, which reflected on rural SD. Furthermore, the concept equipped and empowered women with a needed financial hardship that allowed them to improve their family situation and to participate in the process of developing their communities in a sustainable way. Also, women participated in VSLA leading initiatives and took an active role in rural SD in their community.
Research limitations/implications
The findings only apply to the sample that has participated in the VSLA project implemented by an international donor. A longitudinal quantitative evaluation of the VSLA approach and its impact on SD strategy of Egypt would be recommended in terms of further research study, highlighting the role of VSLA’s impact on achieving the Egyptian sustainable strategy 2030.
Originality/value
This paper is unique in presenting the concept of the VSLA as an intervention and approach for rural SD in the rural community by empowering marginalized women financially. Although this approach has been used by international donors as part of large programs implemented in Egypt and other countries since 1979 aimed at SD in rural areas, there is scarcity in the literature related to this approach.
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Hadi Esmaeilpour Moghadam and Arezou Karami
Women's financial empowerment (WFE) is one of the sustainable development goals. This research examines the effect of financial inclusion through FinTech (FIF) on WFE at the…
Abstract
Purpose
Women's financial empowerment (WFE) is one of the sustainable development goals. This research examines the effect of financial inclusion through FinTech (FIF) on WFE at the international level. The purpose of this paper is to address this issue.
Design/methodology/approach
The authors analyze the dataset of 113 countries from the Global Findex (2017) and World Bank databases using principal component analysis (PCA) and cross-sectional data methodology. Initially, they calculate the overall index for FIF with PCA. Then, they investigate the effect of FIF on WFE in two groups of countries classified by low and high levels of gender discrimination.
Findings
The results show that the relationship between FIF and WFE is positive and significant in countries classified by low levels of gender discrimination. However, this effect is insignificant in countries with high gender discrimination. Hence, gender inequality is a barrier and denies financial independence to women.
Research limitations/implications
Given these results, it seems unlikely that FinTech will be able to eliminate the gender gap in financial inclusion on its own for women's empowerment. To directly address the gender gap and alter attitudes and social norms across demographics, FinTech development may need to be supplemented with focused policy initiatives.
Originality/value
This study provides evidence of FIF's impact on WFE at the international level.
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Habib Zafarullah and Faraha Nawaz
The purpose of this paper is to examine two interventions toward women’s empowerment in Bangladesh – formal employment and microfinance, and to highlight two case studies…
Abstract
Purpose
The purpose of this paper is to examine two interventions toward women’s empowerment in Bangladesh – formal employment and microfinance, and to highlight two case studies supporting these interventions.
Design/methodology/approach
This interpretive-evaluative inquiry of the state of employment and microfinance as important interventions in women’s empowerment in Bangladesh is based on both primary and secondary sources. Theoretical insights and empirical evidence from previous research along with data from various sources inform the arguments.
Findings
Bangladeshi women are making steady progress toward empowerment through a gradual increase in female participation in the workforce, especially in the ready-made garment manufacturing sector. The expanding microfinance arena has also been providing a growing number of women the opportunity to undertake productive small-scale business ventures that also provide informal employment to unemployed women in rural areas. However, social and cultural constraints and overt conservatism has been a daunting challenge for enterprising women and those in formal employment continue to suffer from discrimination, harassment and unfavorable working conditions.
Originality/value
The paper will be of value to both researchers and policy makers in Bangladesh as it seeks to relate two specific interventions toward women’s empowerment from a broad conceptual perspective and interpretive analysis.
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Tanushree Mahato, Manish Kumar Jha, Akhaya Kumar Nayak and Neelam Kaushal
The purpose of the paper is to conduct a comprehensive bibliometric analysis and systematic review to examine the research landscape of women empowerment through participation in…
Abstract
Purpose
The purpose of the paper is to conduct a comprehensive bibliometric analysis and systematic review to examine the research landscape of women empowerment through participation in self-help groups (SHGs), identifying the eminent contributors, intellectual communities and future research agenda in the field of SHGs and women empowerment.
Design/methodology/approach
The global works of literature related to the theme of SHGs and women empowerment between 1998 and May 6, 2022 were scanned for bibliometric analysis and systematic review. A total of 176 English language documents from the Scopus database were extracted. Bibliometric analysis is conducted using Biblioshiny and VOSviewer software.
Findings
This study finds that SHGs are paramount in achieving rural women’s empowerment multidimensionally. Found that India is the most contributing country with 136 documents, and Ranjula Bali Swain and Fan Yang Wallentin are the most cited authors in the research field of SHGs and women empowerment. In addition, the paper proposes a comprehensive conceptual framework to portray rudimentary antecedents of women’s empowerment achieved through participation in SHGs.
Practical implications
This bibliometric analysis, along with a systematic review demonstrating a framework encapsulating the principal dimensions of women empowerment and their indicators, will be helpful to practitioners, government, policymakers and researchers working in the area of SHGs and women empowerment.
Originality/value
This study recognizes numerous significant contributions by eminent scholars and presents a concise review of the literature for novice researchers working in the area of SHGs and women empowerment.
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Anushka Verma, Arun Kumar Giri and Byomakesh Debata
The main purpose of this paper is to analyze the role of information and communication technology (ICT) diffusion in women empowerment and in fostering the process of achieving…
Abstract
Purpose
The main purpose of this paper is to analyze the role of information and communication technology (ICT) diffusion in women empowerment and in fostering the process of achieving the Sustainable Development Goals (SDGs) in South Asian Association for Regional Cooperation (SAARC) countries using panel data from 2005 to 2020.
Design/methodology/approach
An ICT diffusion index was constructed using principal component analysis (PCA). Further, the study uses econometric techniques robust to cross-sectional dependence (CSD) which include Pesaran's CSD tests, second-generation unit root test, Pedroni, Kao, Westerlund cointegration test, FMOLS, DCCE, Driscoll–Kraay (DK) regression, and D&H causality tests.
Findings
ICT diffusion and economic growth have a significant and favorable impact on women's empowerment. However, fertility rates and trade openness harm women's empowerment. In addition, the causality test results depict a bidirectional causal relationship between ICT and women empowerment and between growth and women empowerment. In addition, unidirectional causality is detected between education and women's empowerment. Overall, the findings indicate that expanding ICT and bridging the digital divide, particularly among women, can be effective in achieving empowerment-related SDGs.
Originality/value
To date, there are hardly any studies in SAARC context that empirically evaluate the link between ICT, women empowerment, and the issue of sustainability in a unified framework. Therefore, this study is unique in terms of conceptualization and methodological robustness in this context. The study will benefit policymakers and regulatory bodies to formulate appropriate policies to empower women and thereby attain the SDGs by 2030.
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