British Muslims are having their financial institution accounts closed “without adequate transparency and recourse”, representatives have claimed.
The Muslim Council of Britain (MCB) mentioned people and organisations in the neighborhood had been being “disproportionately affected by this issue”, leaving the group with “deep concerns”.
The physique has written to senior politicians – together with Prime Minister Rishi Sunak, Chancellor Jeremy Hunt, Labour chief Sir Keir Starmer and Liberal Democrat chief Sir Ed Davey – to name for banking rights to be protected.
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The MCB mentioned it used the correspondence to focus on “the recurring issue of banks withdrawing services from British Muslims over the past decade without adequate transparency and recourse for those affected”.
They added: “This practice has persisted without any meaningful action from successive governments.”
The group known as for a complete assessment of banking practices, “scrutinising internal decisions leading to account closures and denial of services”.
Secretary normal of the MCB, Zara Mohammed, mentioned: “We urge for an impartial review that not only addresses the mechanisms behind bank account closures but also examines why British Muslims are disproportionately affected by this issue.
“Our associates are able to share their experiences and proposals to make sure truthful therapy for all.
“We call for the protection of universal banking rights, irrespective of religious or cultural backgrounds and political views, ensuring equitable access to financial services for all.”
Zara Mohammed is the secretary normal of the Muslim Council of Britain. Pic: MCB
The drawback of “de-banking” got here to the fore in latest weeks after former UKIP chief Nigel Farage had his account closed by Coutts, with the now-TV presenter claiming it was over his political opinions.
His marketing campaign noticed the chief executives of the financial institution and the broader NatWest group resign – and has led to an impartial assessment of its processes.
On Monday, Mr Farage revealed Coutts had supplied to reinstate his private and enterprise accounts, and that he was in search of compensation after the row performed out publicly.
We have contacted the federal government and opposition events for a response.
Content Source: information.sky.com