Saturday, 20 December 2008

Are the British banks ganging up on Muslim Charities?


You may, or may not, know but in November Lloyds TSB attempted to force Islamic Bank of Britain (IBB) to close Interpal's bank accounts held at the IBB. Lloyds Bank originally denied this, but, after a letter from Lloyds TSB was produced to the public proving the opposite, issued a different statement. The details of that story can be found here, with later backpedalling by Lloyds here. While at the moment it is not clear what is happening with the Interpal's accounts, there has been a somewhat disturbing development.

On 19th December 2008 Ummah Welfare Trust has issued press release stating that they have been given a 30-day notice by Barclays that their accounts will also be closed.

Now, is that a beginning of a pattern?

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