Blog Archives

Muslim organizations shocked at HSBC’s abruptly closing their accounts

Muslim-organizations-criticize-HSBC-decision-to-shut-their-accounts-600x338

By: Mohammed Al-Shafey

Source: http://www.aawsat.net/

Following HSBC’s controversial decision to unilaterally close bank accounts belonging to a number Muslim organizations based in the UK, the Muslim organizations have hit back, branding the move “shocking” and “Islamaphobic.”

Last week, HSBC bank sent out a number of near-identical letters to Muslim organizations in the UK giving them two months to close their bank accounts, saying their services fell outside of the bank’s “risk appetite.” The Ummah Welfare Trust, Cordoba Foundation think tank and Finsbury Park Mosque were among the Muslim organizations to receive the letter.

Read the rest of this entry