The Impact of Islamic Banking Products on Entrepreneurship Development in Mogadishu

The impact of Islamic banking products on entrepreneurship development in Mogadishu, has become a significant area of focus in recent years. Islamic banking products are significant drivers of entrepreneurial growth since they offer Sharia-compliant funding solutions. These products enable aspiring entrepreneurs to access finance while adhering to Islamic beliefs, promoting regional creativity and economic growth. The result of the study indicates a positive relationship between Islamic banking products and entrepreneurship development. Specifically, Mudarabah was found to have a weak and insignificant correlation with entrepreneurship development. Both Bay Salam and Qard Al-hasan demonstrated moderate to strong positive correlations.