How Dr Swamy sabotaged Islamic banking – Navtan Kumar

BHARATA BHARATI

Navtan Kumar“The launch of State Bank of India (SBI) Sharia Mutual Fund, designed to invest in Sharia (Islamic law) compliant companies, was “deferred” at the last moment in December 2014 as Swamy wrote to Prime Minister Narendra Modi about his grievances against the system and got it stalled.” – Navtan Kumar

Subramanian SwamyPressure from Bharatiya Janata Party leader Subramanian Swamy led to the suspension of the launch of Islamic banking in India. The launch of State Bank of India (SBI) Sharia Mutual Fund, designed to invest in Sharia (Islamic law) compliant companies, was “deferred” at the last moment in December 2014 as Swamy wrote to Prime Minister Narendra Modi about his grievances against the system and got it stalled.

Though SBI Mutual Fund termed the “deferment” as a commercial decision, Swamy admitted to The Sunday Guardian that he wrote a letter to the Prime Minister in December saying that introducing Islamic banking…

View original post 727 more words

Author: Sanatan Dharm and Hinduism

My job is to remind people of their roots. There is no black,white any religion in spiritual science. It is ohm tat sat.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: