24.1 C
November 14, 2019
Image default
Business Europe Top Stories UK World

Top UK bank closes Muslim group accounts providing aid for Gaza

LONDON: Amid the actions taken by Western companies after the beginning of Gaza tragedy, UK multinational bank H.S.B.C has refused many Muslim groups and closed a number of bank accounts belonging to Muslim groups.

Now every one has a  question in mind that whether the decision was made due to religious considerations.

UK TV channels have commented on this issue on Wednesday saying HSBC sent letters of notice to Muslim clients earlier this month.

According to reports, the bank told some Muslim clients that to continue providing services would be outside the bank’s “risk appetite.”

London’s largest mosques at Finsbury Park was also among the affectees.

Khalid Oumar, one of the mosque’s trustees, questioned the motive, and said that bank did not provide “any reason why the accounts were closed in the first place,” adding, “That has led us to believe that the only reason this has happened is because of an Islamophobic campaign targeting Muslim charities in the UK.

“Another affected organization, Ummah Welfare trust, received a similar notice from HSBC on July 22.

Mohammed Ahmad, who runs the trust, said the bank’s representative did not explain why HSBC had decided to close its accounts.

However, Ahmad said he believed it was due to the trust’s work in the Gaza Strip, where it has been present for 10 years, providing “ambulances, food aid, medical aid, and grants.”