HSBC closes bank accounts linked with mosques, Muslim individuals

The logo of HSBC bank is seen at its office in the Canary Wharf business district of London April 1, 2013. (Reuters)

According to the BBC, HSBC bank has written to Finsbury Park Mosque and other Muslim organizations and individuals in the UK to inform them that their accounts will be closed.

Finsbury Park mosque, in north London reportedly received a letter from HSBC on July 22, saying the bank will close their account because it is no longer within the its “risk appetite.” The letter added that the decision was “unbiased” and “absolutely not based on race or religion."

According to The Guardian , the mosque has responded by saying the decision was rooted in an “Islamophobic campaign targeting Muslim Charities in the UK.”

HSBC also sent a similar letter to Anas al-Tikriti who runs an Islamic think-tank. His wife and two sons, aged 12 and 15, also received letters, informing them their bank accounts will be terminated, according to the BBC.

In defense against accusations of being biased, an HSBC spokesperson said: “Decisions to end a customer relationship are not taken lightly, and are absolutely not based on the race or religion of a customer,” adding, “ discrimination against customers on grounds of race or religion is immoral, unacceptable and illegal,” according to the Telegraph.

The Cordoba Foundation and the Ummah Welfare Trust have also been told that their accounts will be terminated.

Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44