by Rahul Chimanbhai Mehta Rrg at November 27, 2014 at 04:00PM

NaMo orders SBI Chairman to float sharia-complaint mutual fund ; Sonia - AK support the step ; SoMoKe-andhbhagats and CobhApSwaRa-workers applaud the step and dance like cheerleaders !!! . Solution I propose to those who oppose this step of NaMo \ SBI --- please send following order to MP via SMS "Dear MP, I order you to order you Finance Minister to order State Bank of India Chairman to remove the labels "sharia compliant" from its mutual fund, and mark it publicly announce that SBI has no sharia compliant mutual fund. see tinyurl. com/OrderSbiMf ". . Banking in India is mess. And I have proposed law-drafts such as RTR-RBI-Governor , RTR-SCI-Chairman, merging all PSU banks into SBI, reducing Govt role in lending except student loans, medical loans, housing and select sectors , Jury trial on high interest case, explicit law that Govt cant save defaulting banks etc etc. . Sharia promotes partnership and bans interests, which has its merit. And I more than welcome private companies who want to take this principle. In fact, whole share market is based on this concept. . There is NO need for SBI to run label fund as "sharia compliant". This can FOOL muslims , as SBI itself isnt sharia compliant. SBI is basically an instution which is 100% opposite of shariat. SBI running shaira compliant fund will be like a thief running charity. . Further, a large number of muslims will end up buying its bonds. And what is this specific MF of SBI makes losses? Then either muslims will feel outrages against govt OR govt will be forced to use tax money to cover losses (which is also against shariat). We already have enough communal problems in India. There is NO reason to worsen the mess by adding money funds to it. . NaMo's order to SBI Chairman to start this "shariat" compliant fund is a wrong one. And NaMo-bhagats , in a class of their own , use both arguments --- first they support it and dance for it. Next, they say "UPA = Sonia Gandhi started the proposal !!". Well , SG did start the proposal inside SBI as study. But all final decisions were taken by NaMo himself. . And dear Ak-andbhagats --- pls ask me questions AFTER you find time to get and give links to private member bill submitted by four AAP MPs in Parliament tpo stop this SBI MF. If you dont have time to get the links, then pls dont waste your time here. . Now those who support this decision can start dancing like cheerleader. . Those who oppose can send following order to MP via SMS. . "Dear MP, I order you to order you Finance Minister to order State Bank of India Chairman to remove the labels "sharia compliant" from its mutual fund, and mark it publicly announce that SBI has no sharia compliant mutual fund. see tinyurl. com/OrderSbiMf ". .

by Rahul Chimanbhai Mehta Rrg



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