HSBC closes down Muslim Charities Account

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PRESS RELEASE

[Thursday 14th June 2007]

HSBC Shuts Down Muslim Charity’s Account​



On Thursday 7th June 2007, HSBC announced it "no longer wished to operate an account for Hhugs (Helping Households under Great Stress). Hhugs is a British based registered charity, which supports Muslim families in dire need of financial assistance.

Hhugs was set up in November 2004 in response to the increasing problems faced by families affected by miscarriages of justice, in the ‘war on terror’.

Hhugs provides these affected families with assistance that many people take for granted. These range from emotional support to the families of detainees, assisting in basic household chores (cooking, shopping) to prison visits.

Banks are under no legal obligation to give a reason as to why they have decided to close our account, however they stated that they ‘reserve the right to decline to provide services to organisations whose value systems and objectives, we consider, are markedly different to our own".

A Hhugs spokesperson said:

"This latest insult to a Muslim charity registered in the UK has me dumbfounded. Please explain to me how a registered charity giving financial assistance to mothers and their children has ‘value systems and objectives’ that are ‘markedly different’ to those of HSBC Bank?"

A Hhugs volunteer said:

"I can’t believe a bank would close the account of a registered charity. Some of these families are desperate for financial assistance and rely on Hhugs and this only makes matters more difficult.

On top of that the people who promote Hhugs need to be notified; the thousand of leaflets that have been printed need to be changed. This will only divert voluntary workers of Hhugs attention to this rather than helping these families."

Hhugs and supporters of Hhugs strongly condemn HSBC actions.

END
 
it started with locking up the men... now they want to take away their only help? wallahi have no fear Allah has something greater planed for us... inshallah with His help we will have victory... so they can plot whatever they like bcoz Allah hears and sees all. nothing can stop the truth no matter how hard they try... and may Allah grant our brothers who are locked up for speaking the truth with Jannah. Ameen!!!
 
Did HSBC give a reason?
Well that proves it is Islamophobia. :skeleton:
Right? :rollseyes
 
No they didn't. But their t & c's explain their actions as it's their t & c's that make up the business' values. And their t & c's state that HSBC ‘reserve the right to decline to provide services to organisations whose value systems and objectives, we consider, are markedly different to our own".

So the objectives of HHUGS are to what? To serve the Muslim community. As far as HHUGS values are concerned, then everything is legitimate and it's a registered charity. So where's the problem?

The conclusion is obvious.
 
HSBC seem to be acting like buttheads.

Surely it must be possible for the charity to find another bank?
 
Muezzin said:
HSBC seem to be acting like buttheads.

Surely it must be possible for the charity to find another bank?
Click to expand...
It seems that every one wants to assume the worst about HSBC.

Good businesses don't do stupid things. (As a general rule)
 
wilberhum said:
Did HSBC give a reason?
Well that proves it is Islamophobia. :skeleton:
Right? :rollseyes
Click to expand...

this goes deeper than Islamophobia, its a sick and twissed game of power and greed... i dnt even believe islam has anything to do with this its only the means to an end. create a common fear/threat then the people will have a need for their socalled just leaders to go to war and distory lifes.
 
S@K!N@H said:
this goes deeper than Islamophobia, its a sick and twissed game of power and greed... i dnt even believe islam has anything to do with this its only the means to an end. create a common fear/threat then the people will have a need for their socalled just leaders to go to war and distory lifes.
Click to expand...
So what power did HSBC gain? :hmm: How does greed enter in to it? :hmm: How did they make more mony by turning business away? :hmm: How is HSBC creating fear? :hmm: And what Threat? :hmm: Is war the objective of HSBC? :hmm: How will they gain? :hmm:

I think you are suffering from some deep seated anger and you feel a need to vent. :hiding:
 
Good businesses don't do stupid things? You're right. Good businesses only do things that bring more benefit and money to them. And by holding such an account with a charity they may be under 'threat'. Well hats off to them and wish em luck. They'll need it from now.
 
wilberhum said:
So what power did HSBC gain? :hmm: How does greed enter in to it? :hmm: How did they make more mony by turning business away? :hmm: How is HSBC creating fear? :hmm: And what Threat? :hmm: Is war the objective of HSBC? :hmm: How will they gain? :hmm:

I think you are suffering from some deep seated anger and you feel a need to vent. :hiding:
Click to expand...

mayb u dnt understand the fact that the little people like urself and me dnt really matter in view of thebig picture, while they the banks make more money no matter whether they get business from a non profit charity or not. u know that all the banks are subject to politics so its in their best interest to keep them happy. "never bight the hand that feeds" right?
islam is the fear and the threat 'we' all must fight right? these men we locked up then the only help they had is being taken from them.

there is no anger on my behalf so please do make judgments about wat u have no idea, r u in my mind r u? so u r in no place to say how i feel.
but yes i am upset and hurt that children and families will be the ones who really lose out... that is jst something i would expect a moral human to feel.
 
^You may not be angry but you still seem to be a victim of your own “Conspiracy Theory”.
 
Thanks for the article, I just closed an account I had with them and fwd this to my friends and contacts.. I'll try to find an Islamic bank to deal with for all my affairs insha'Allah.. since I am actually disenchanted with the my other bank (chase)--- Does anyone in here know of an international Islamic bank, to transfer both, savings and checking to?
Thank you
:w:
 
PurestAmbrosia said:
Thanks for the article, I just closed an account I had with them and fwd this to my friends and contacts.. I'll try to find an Islamic bank to deal with for all my affairs insha'Allah.. since I am actually disenchanted with the my other bank (chase)--- Does anyone in here know of an international Islamic bank, to transfer both, savings and checking to?
Thank you
:w:
Click to expand...
:sl:

it would help if you state WHY you close your account and show your strong disapproval of their actions and how you will have say in your friends, family and relatives who have business with them.
 
I hope the middle east wakes up and stops using Swiss banks and racialist banks for their business needs and realize the importance and the needs of the Muslims abroad who neither enjoy the usury or dealings of these so-called established institutions. I do hope this serves as a wake up call, as to where they wish to funnel your money and how they expect us to use it... Hope every Muslim on board fwds this to their friends and try to find alternate establishment for their financial needs... I have been boycotting products and businesses like Starbucks-- and think if each one of us does the same and simply not deal with trash, can we then expect to see some sort of solidarity and improvement in outcome...
:w:
 
islamirama said:
:sl:

it would help if you state WHY you close your account and show your strong disapproval of their actions and how you will have say in your friends, family and relatives who have business with them.
Click to expand...

Trust me I did! I need to do the same with chase too, whether or not they follow in HSBC's lead, or are a subsidary of them since somehow they are all connected, I despise their business and how they clear my checks after 11 days, every month I have no access to my money until they decide to clear it, on whimsy I am supposing, I am not sure why it takes 1/3 of a month to clear a check... only then will I feel truly freed of this.. Do you know of any Islamic international banks though in the U.S?
:w:
 
:sl:Is it just me or are Muslims receiving more and more discrimination as of late? :confused:
 

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