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Islamic Bapak Legacy Fund
Unwanted Publicity Intelligence
Posted: Monday, October 3, 2011
Joined: 8/23/2011
Posts: 3


Y.M. Bapak Muhammad Subuh, founder of his dreamed-of family legacy Last Will and Testament documents tied to high-value assets ( must be $1,000,000 million plus, bank deposits, bank holdings, bank paper ) appears to have grown into what is now a State of Virginia legitimatized investment fund known as the Bapak Legacy Fund ( BLF ) promoted by The Muhammad Subuh Foundation and The World Subud Association's Foundation [ website links: http://www.subud.org ], an Indonesia based Islamic investment partnership organization whose member ( Subud ) interests appear focusing on annother Indonesia website known as The Assets Of Nusantara [ http://ramasakti101.multiply.com ] that links to an Indonesia radical militant group apparently taking the "dream" of a man named Y.M. Bapak Muhammad Subuh one ( 1 ) step beyond by displaying a plethora of 'legacy family testimonial support documents' claiming precious metal bullion deposits tied to questionable 'high-value international bank paper', plus a room full of official looking United States seal cases filled with legacy Federal Reserve Note Bonds ( coupon type ), plus assorted stacks of foreign currencies seemingly freshly printed - all as equally questionable.

Brief Background -

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Source: The Muhammad Subuh Foundation ( website )

[ ... EDITED-OUT FOR BREVITY ... ]

T h e  O r i g i n s

In the mid-1960s, Varindra Vittachi, then international chairperson of Subud, had a dream:

“I saw a big building and on its white marble façade were the words: ‘Muhammad Subuh Foundation’. When I entered the building, it seemed to be a formal place - 'like a bank' - but 'instead of money' what I saw was a 'stack of legal documents' which turned out to be people’s 'Wills and Testaments' in which Subud 'members had willed a portion of their assets as bequests' to the Brotherhood."

[ ... EDITED-OUT FOR BREVITY ... ]

T h e  H i s t o r y

The Foundation continues to grow.

In 2001, MSF established the Bapak Legacy Fund ...

[ ... EDITED-OUT FOR BREVITY ... ]

Reference

 http://www.msubuhfoundation.org/orgFS.htm  

- -

Is Bapak Legacy Fund ( BLF ) Legitimate? If So, To What Degree?

Bapak Legacy Fund ( BLF ) website claims it's legitimate based soley on it having become "incorporated" in the State of Virginia ( USA ) and that since Bapak Legacy Fund ( BLF ) incorporation laws are governed in the United States that somehow Bapak Legacy Fund ( BLF ) legitimacy is 'official'. The Bapak Legacy Fund ( BLF ) website introduction statement ( read immediately below ) can be extremely 'misleading' to investors - especially within the United States.

- -

"Fund management rests with the Muhammad Subuh Foundation ( MSF ) which bears the name of our Founder ( Y.M. Bapak Muhammad Subuh ) and whose work is to protect and develop Subud's international assets both now and in the future. As MSF ( Muhammad Subuh Foundation ) is incorporated in the State of Virginia in the United States of America, the Fund [ Bapak Legacy Fund ( BLF ) ] is also governed by the laws of the State of Virginia. As such, the Uniform Management of Institutional Funds Act ( UMIFA ) guides the use and expenditure of the principal, net appreciation and income of the Fund."

Reference

http://www.msubuhfoundation.org/bapaklegacyfund/index.html 

- -

Whose to dispute 'legacy heritance holdings' tied to 'bank paper' when Sharia law ( non-transparent to West or Far East ) 'cloaks financial instruments' through Islamic financial institutions pushing 'account valuations' based on questionable 'heritance bank paper' through the 'global financial system financing others' than Subuh Foundation so-called 'humanitarian projects'?

Legitimate investment vehicle? Or, uniquely fabricated Islamic financial vehicle moving globally with no financial institution transparency?

Unwanted Publicity Intelligence - Host
E-MAIL: UnwantedPublicity@Gmail.com 
WWW: http://upintelligence.multiply.com 


 

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