Religion and Economy: How the Act of Rational Economy Dominates Muslim Entrepreneurs

Nurohman, Dede and Muafiah, Evi Religion and Economy: How the Act of Rational Economy Dominates Muslim Entrepreneurs. Religion and Economy: How the Act of Rational Economy Dominates Muslim Entrepreneurs, 15 (1). pp. 71-90. ISSN p-ISSN: 1978-7332 , e-ISSN: 2502-1427

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Abstract

This research aimed to explore the motives that encouraged Muslim
entrepreneurs to make business decisions in running businesses, and also
to examined the effects of their religions as well as the business logics they
used toward their trading behaviors. The subjects of this research were
the Muslim entrepreneurs running the business of apparel convection
in Botoran, Tulungagung. This research used qualitative method with
phenomenological approach. The data extracting technique was conducted
by documentation, observation, and interviews. The results showed that
Muslim traders based their business behaviors on the consideration of
rational choices. Such behaviors were manifested in the forms of: choosing
to partition their houses as the place of production (home factory);
choosing to procure capital through the Chinese; choosing temporary
sewing workers; choosing to replace the procurement of computer
embroidery machines; dun-dunan rego (decreasing the costs); nembak
(lighting); and reluctant to establish a cooperative to accommodate them.
Meanwhile, religion, morals, and other values are not considered by them
in running their business. The implication of the findings is that religious
and economic motives always appeared in a person’s business processes.
The dominance of one of them was determined by the environment and
experience. Sharia financial institutions in the vicinity, such as Sharia
Banks and BMT (Baitul Mal wa Tamwil, a sharia-based microfinance
institution or cooperative), as well as Islamic organizations, with the right
kinship approach, were required to be present to pay attention to business
development and community empowerment.

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