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March 24, 2023

Payments Denied, Flagged and Scrutinized: The Harrowing Experience of Banking While Muslim

Johnathan Maxwell
Johnathan Maxwell

A new report has revealed the extent to which American financial institutions discriminate against Muslims. According to the report, many Muslims have been denied banking services, had their payments flagged or scrutinized due to their religious beliefs.

The report comes as Muslims around the world prepare for Ramadan - a month of fasting and spiritual reflection. Many in the Muslim community are worried about how this discrimination will impact their ability to carry out necessary financial transactions during this important time.

"I feel like I'm being targeted just because of my faith," said Ahmed Ali, a Muslim businessman who has experienced discrimination from his bank. "It's frustrating and unfair."

The report found that some banks have policies in place that unfairly target Muslims. These policies include flagging payments made to certain countries or regions known for having large Muslim populations, as well as requiring additional documentation from customers with Islamic names or backgrounds.

Many within the Muslim community are calling on financial institutions to take action against this discrimination. Some have even started boycotts of certain banks until changes are made.

"We need banks to understand that discriminating against someone based on their religion is not only wrong but also illegal," said Amina Hassan, a spokesperson for a local Muslim advocacy group.

Others are urging lawmakers to take action by passing legislation that would prohibit such discrimination in banking practices.

As Ramadan approaches, many Muslims hope that changes will be made so they can carry out necessary financial transactions without fear of being targeted or discriminated against.