Muslim Practices on Businesses: A Case Study of Muslim Businessmen in Pattani, Thailand
Keywords:
Thai Muslim; Muslim businesses; Riba; Islamic Economy; Business PracticeAbstract
Business has been arisen from the necessity of human beings. Thai Muslim businesses have been expanding since the presence of Islamic religion in Thailand. The understandings of Muslim businessmen play important role in Muslim communities at present. However, Muslims have not handled their businesses well. Therefore, the aim of this study is to investigate the perceptions and situations of Muslim practices on businesses in Pattani, Thailand. The qualitative study examined the situations of Muslim businesses via in-depth interviews. The results show that most Muslim businessmen are the lack of understanding of Islamic law, about Interest riba perception and the lack of capital funds is the main problem on their businesses. The results of this study contribute to improving the application of Islamic concept on businesses, particularly business transactions in Muslim minority countries. Furthermore, this study provides information in terms of the necessities of Muslim businessmen, and the role of Islamic financial institutions in Muslim business development.
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