[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.