How do Muslims understand equality between men and women in Islam?

We often hear that Islam honors women and makes them equal to men, but why does God say in Surah An-Nisa, verse 176: '...If they are brothers and sisters, the male gets the share of two females. Allah clarifies [this] for you, lest you go astray. And Allah is Knowing of all things.' Does this mean the brother gets twice the sister's share of inheritance? Perhaps the wisdom in this is that a man has greater financial responsibilities toward his family, while the woman's share might be reserved for her without specific obligations. God knows best in His wisdom, and we, as Muslims, must trust His decrees even if we don’t fully understand the complete wisdom behind them.