Participation of women entrepreneurs is very crucial to achieving economic growth and development for a nation, as such provision of adequate and reliable sources of financing is of utmost importance. Although attempts were made by the government at various levels aimed at improving and sustaining women entrepreneurs in Nigeria yet they remain at the tail end in terms of their participation in economic activities. Therefore, the main objective of this study is to explore the acceptance of Ijarah-wa-iqtina in financing Small and medium Scale women entrepreneur in Abuja Municipal Area Council. The study adopted a descriptive cross-sectional survey research design using primary data in order to achieve the stated objectives. The result obtained from analyzing 187 retrieved completed questionnaires, shows that, Ijarah-wa-iqtina is compatible with the entrepreneurs from both religious i.e., Muslim and non-Muslim, all the three factors namely awareness, benefits and religions inclination significantly influence the patronage of Ijarah-wa-iqtina product as mode of financing small and medium scale women entrepreneurs. Hence, the study recommends that, there should be a mass enlightenment campaign by Islamic financial institutions especially Jaiz Bank Plc in conjunction with SMEs women leaders on the existence and benefits of Ijarah-wa-iqtina as ethical financing product through the radio station, TV channels, newspaper outlets, journals, as well as, social media. The study also recommends the building of more branches of Islamic banks and establishment of new banks to ensure easy access to Islamic financial services by the public.