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British Muslims are having their financial institution accounts closed “with out satisfactory transparency and recourse”, representatives have claimed.
The Muslim Council of Britain (MCB) stated people and organisations in the neighborhood had been being “disproportionately affected by this challenge”, leaving the group with “deep considerations”.
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 stated it used the correspondence to focus on “the recurring challenge of banks withdrawing companies from British Muslims over the previous decade with out satisfactory transparency and recourse for these affected”.
They added: “This follow has continued with none significant motion from successive governments.”
The group known as for a complete evaluation of banking practices, “scrutinising inner choices resulting in account closures and denial of companies”.
Secretary common of the MCB, Zara Mohammed, stated: “We urge for an neutral evaluation that not solely addresses the mechanisms behind checking account closures but in addition examines why British Muslims are disproportionately affected by this challenge.
“Our associates are able to share their experiences and proposals to make sure truthful therapy for all.
“We name for the safety of common banking rights, irrespective of non secular or cultural backgrounds and political beliefs, making certain equitable entry to monetary companies for all.”
The issue of “de-banking” got here to the fore in current weeks after former UKIP chief Nigel Farage had his account closed by Coutts, with the now-TV presenter claiming it was over his political beliefs.
His marketing campaign noticed the chief executives of the financial institution and the broader NatWest group resign – and has led to an impartial evaluation of its processes.
On Monday, Mr Farage revealed Coutts had offered to reinstate his personal and business accounts, and that he was searching for compensation after the row performed out publicly.
We now have contacted the federal government and opposition events for a response.
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