THE ECONOMIC ASPECT
Islam grants women equal rights to contract, to enterprise, to earn and possess independently. A woman's life, her property and her honor are as sacred as those of a man. If she commits any offense, her penalty is no less or more than of a man's in a similar case. If she is wronged or harmed, she gets due compensation equal to what a man in her position would get.5
Islam has given women a share of inheritance. Before Islam, women were not only deprived of that share, but were themselves considered as property to be inherited by men. Out of that transferable property Islam made an heir, acknowledging the inherent individuality of women. Whether the woman is a wife or mother, a sister or daughter, she receives a certain share of the deceased kin's property, a share that depends on her degree of relationship to the deceased and the number of heirs. This share is hers, and no one can take it away or disinherit her. Even if the deceased wishes to deprive her by making a will to other relations or in favor of any other cause, the Law will not allow him to do so.
Women are exempt from all financial liabilities. As a wife, a woman is entitled to demand of her prospective husband a suitable dowry that will be her own. She is entitled to complete provision and total maintenance by the husband. She does not have to work or share with her husband the family expenses. She is free to retain, after marriage, whatever she possessed before it, and the husband has no right whatsoever to any of her belongings. As a daughter or sister she is entitled to security and provision by the father and brother respectively. That is her privilege. If she wishes to work or be self-supporting and participate in handling the family responsibilities, she is quite free to do so, provided her integrity and honor are safeguarded.
It is thus clear that the status of women in Islam is very high. Islam has granted them rights that match beautifully with their duties. What Islam has established for women is that which suits their nature, gives them full security and protects them against disgraceful circumstances and uncertain channels of life.
There does exist a gap between the rights of women outlined in the Qur'an, and the prevalent reality in the Muslim world. However, images of Muslim women as ignorant, oppressed and submissive are stereotypical and do no justice to the large number of Muslim women whose firm conviction in the Islamic concepts of family cohesiveness and happiness, and their own individuality, ensures their sense of self-fulfillment.
1 (p) here stands for “peace be upon him”
2 Reported by Bukhari
3 Reported by Ahmad, Basa’i and Al-Baihaqi
4 Reported by Ahmad
5 Al-Qur’an, 2:178; 4:45, 92-93
Source : 877-WHY-ISLAM