Volume 11, Issue 6 (June 2024), Pages: 53-58

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 Original Research Paper

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

 Author(s): 

 Hussam Buzaid M. Bakoben *

 Affiliation(s):

 Department of Finance and Economics, College of Business, University of Jeddah, Jeddah, Saudi Arabia

 Full text

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0009-0002-5080-5264

 Digital Object Identifier (DOI)

 https://doi.org/10.21833/ijaas.2024.06.006

 Abstract

The main goal of this paper is to explore how the Ar-Rahn contract can be utilized by banks in Saudi Arabia to finance women's business ventures, thereby fostering women's empowerment. This study employs a dual approach: desktop and primary data analysis. Initially, a desktop approach is used to analyze the Ar-Rahn product by reviewing existing literature and examining its implementation in Saudi Arabia. Additionally, we use primary data analysis to enhance the robustness of our findings. The results suggest that Ar-Rahn is a promising tool for empowering women and encouraging entrepreneurship in Saudi Arabia. This analysis provides valuable insights for banks and financial institutions in Saudi Arabia to develop Shariah-compliant financing products tailored for women entrepreneurs, which could also benefit marginalized communities.

 © 2024 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

 Ar-Rahn financing, Women empowerment, Shariah-compliant financing, Entrepreneurship, Financial inclusion for women

 Article history

 Received 2 February 2024, Received in revised form 21 May 2024, Accepted 25 May 2024

 Acknowledgment 

No Acknowledgment.

 Compliance with ethical standards

 Ethical considerations

The study adhered to ethical standards, with informed consent obtained from all participants. The research was approved by the University of Jeddah's Ethics Committee, ensuring confidentiality and voluntary participation.

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Bakoben HBM (2024). Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach. International Journal of Advanced and Applied Sciences, 11(6): 53-58

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 Figures

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 Tables

 Table 1 Table 2 

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