Why are two woman witnesses, equivalent to only one male witness in Islam ?

Re: Why are two woman witnesses, equivalent to only one male witness in Islam ?

Fair explanation. It contains the same essence, given the state of women or commonly prevalent circumstances it is preferable in an Islamic society because it would be easier for two females to frequent each other or talk unchecked about the matter as compared to a man and woman having to discuss it with the same frequency. Nothing about women being emotionally unstable or all those lines of reasoning.

However I still don't see this etched in stone if the circumstances do not warrant it. Like in todays society where contracts are pre-written and available, witnesses have little value. The need for witnesses is emphasized when the contract is being written on the fly and the people present should ensure it is contracted the way it is discussed. In todays societies if you don't like the contract you don't sign the dotted line. Norms have changed, procedures of doing loans have changed.