 |
Forums |
 |
| Return
to forum |
| LLOYDS TSB BANK AND INTERPAL |
| posted by SHARAZ MANZUR - 18/11/2008 22:54:51 |
I was disgusted and disheartened today when I learned On the November 12, Interpal received notification from their bank, the Islamic Bank of Britain (IBB), that Lloyds TSB (their clearing bank) has served notice on IBB to cease all dealings with Interpal. Clearing banks are responsible for the processing of all financial transactions and Lloyds TSB is one of the 4 clearing banks in the UK which all high street banks must work through.
The notice comes into effect on 8 December 2008 (date subsequently revised to 30 January 2009) and has the potential to force Interpal to cease operations early next month.
After this time “all transactions into or out of Interpal accounts will be blocked and IBB will be at further risk of all its customer payments being suspended”.
To date, despite pressures from Lloyds, IBB has offered Interpal its full support but it remains threatened by Lloyds’ demands and the possible future implications.
Lloyds TSB has treated IBB in a discriminatory fashion and its customers with complete disrespect. Other Muslim charities now face the same discrimination and their accounts can be closed down without adequate warning or explanation. At a time when ties amongst communities need to be strengthened, this is an Islamophobic attack on the rights of all British Muslims and sets a dangerous precedent for discrimination on all British citizens and account-holders.
Reply... |
|
|
|
|
|
