IslamicFinance.de

UBS recently closed the bank account of Islamic Relief. Because of nervousness about counter-terrorist regulations, the charity organisation is under constant scrutiny by other banks. Incoming as well as outgoing transactions are stopped on a daily basis. It is yet not known whether this is a temporary measure or a permanent one. Since 9/11, Islamic Relief and other similar charities have been object of high scrutiny and had to explain themselves at every juncture.