HSBC closing Muslim acounts
Discussion
Hmmm... Wonder how they can do this with the UK's anti discrimination laws?
http://www.bbc.com/news/business-28553921
http://www.bbc.com/news/business-28553921
The account holders, or those with similar names or mistaken associations may simply have shown up in one of many third party databases that financial firms have to check.
For example: https://www.gov.uk/government/publications/financi...
A kind of financial no fly list.
For example: https://www.gov.uk/government/publications/financi...
A kind of financial no fly list.
Guam said:
unrepentant said:
Do you think those of other denominations are receiving similar missives?
I suspect after the US fines, any individual or business where they cant be certain of the funding sources and ultimate destinations will be fair game.One cannot expect financial institutions to shoulder the risks of those magnitude of fines without there being some repercussions.
http://www.independent.co.uk/news/uk/home-news/hsb...
Couldn't trust them not to do things under their immunity that are dodgy, HSBC got fined, HSBC gets rid of them all as a risk.
Muslim accounts that could be linked to terrorists... then HSBC gets the fine... then HSBC closes Muslim accounts due to risk and the fines it will get.
unrepentant said:
Do you think those of other denominations are receiving similar missives?
If they have sufficiently similar account activity picked up at the same time, I'm sure they would be. If not, I don't see why they should include a few Jewish people in just to make it fair.Do you think they've closed the accounts of all their Muslim customers?
Moonhawk said:
Aren't "western" banks with their interest charges etc haram anyway?
HSBC has/had a substantial Muslim client base, I was involved in part of setting up the Insurance offering that went with their 'Shariah Mortgages'.The mortgages where amusing, they basically ended up paying exactly the same as everyone else but it was just called rent instead Completely pointless tbh, yes it's against their religion to pay interest but they are paying it all the same, just under a different name.
Jimmyarm said:
The mortgages where amusing, they basically ended up paying exactly the same as everyone else but it was just called rent instead Completely pointless tbh, yes it's against their religion to pay interest but they are paying it all the same, just under a different name.
And they believe that their all seeing, all knowing God won't figure out what they are up to? Jesus wept. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff