HSBC denies targeting Muslims with account closures

A London mosque, a relief charity and a Muslim activist have all reported being given notice that their accounts with HSBC are to be closed.

The bank says it does not discuss relationships with customers but says decisions about its business "are absolutely not based on the race or religion of a customer".

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HSBC closes Bolton charity's bank account

A Bolton-based Muslim charity has accused a bank of putting lives at risk for shutting down its account.

The Ummah Welfare Trust has distributed 70 million pounds to projects in 20 countries. And it's had a presence in Gaza for the past 10 years.

But the charity has now received a letter from the HSBC to tell them their account is being closed for being beyond the bank's "risk appetite".

Mohammad Ahmad is from the charity.


Mosque condemns 'disgraceful' HSBC actions

The chairman of Finsbury Park mosque in north London says he is shocked and angered with HSBC after receiving notice that its account with the bank would be closed.

It is shocking, unbelievable. To send us a letter without any notice. We don't understand why they have taken this action and we are not going to be quiet. It is disgraceful.

As a community organisation we are doing a good job between the communities. We have worked hard since we took over from Abu Hamza.

We have changed the mosque from an atmosphere of hostility to a cohesive atmosphere [...]

We don't receive money from abroad, we don't send any money abroad. Our reputation and credibility is on the line now.

– Mohammed Kozbar, chairman of Finsbury Park mosque

HSBC: Bank closures not based on race or religion

After several Muslim organisations reported having their accounts closed by HSBC, the bank has strongly denied claims that it has made decisions related to "race or religion".

We do not discuss relationships we may or may not have with a customer, nor confirm whether an individual or business is, or has been a customer.

In general terms, decisions to end a customer relationship are not taken lightly, but are absolutely not based on the race or religion of a customer.

Discrimination against customers on grounds of race or religion is immoral, unacceptable and illegal, and HSBC has comprehensive rules and policies in place to ensure race or religion are never factors in the decisions we make.


Muslim activist angry after HSBC account closure

A prominent Muslim activist has spoken of his anger after he was told that his bank account is to be closed by HSBC.

Anas Altikriti helped secure the release of British peace campaigner Norman Kember in Iraq. Credit: Sean Dempsey/PA Archive

Anas Altikriti, chief executive of the think tank the Cordoba Foundation, said he had met with a "wall of silence" from HSBC over its decision to close his account and those of his wife and two sons aged 16 and 12 years old.

The Cordoba Foundation, along with Finsbury Park Mosque in north London and the Ummah Welfare Trust (UWT) have also been told their accounts are to be closed by the bank.

Mr Altikriti, 45, who was born in Baghdad and came to Britain as a young child, said he opened an account with the Midland Bank - now part of HSBC - as a teenager with just a £10 note nearly 30 years ago.

"I am angered because of the wall of silence and the tone of the letter. It is difficult to take as I regard myself as a law abiding citizen who tries to make things better in conflicts around the world and tries to promote peace and dialogue," he said.

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