Ah Longs take a bite of Muslim restaurant business

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PETALING JAYA: Abdul Mukthahir M. Ibrahim is worried. He has discovered that an increasingly large number of Muslim restaurant owners have turned to illegal loan syndicates to get quick cash.“It’s not a good idea. But what to do? Yes, I know Ah Longs charge very high interest but what can we do?” said Mukthahir, who is vice-president of the Malaysian Muslim Restaurant Owners Association“I have about 4,500 members operating 12,000 restaurants all over Malaysia. From seven branches, they cut down to five. From five, they reduced to three. But still, they need to turn to Ah Longs.” He said his members borrow between RM100,000 and RM200,000 from Ah Longs; they are afraid to borrow more. They just need a bit to help over the short term of a few months, he said.Garry Chua of the Malaysian Retail Chain Association said he knows of other retailers who have turned to illegal loan syndic…