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Muslim Charities Face Banking Barriers, Urgent Legislation Proposed

2/20/2026

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Summary

Story summary

During Ramadan, British Muslims raise about £2 billion annually for charity.
Derisking policies restrict Muslim charities by limiting their ability to send aid abroad.
A Muslim Charities Forum (MCF) report finds more than two-thirds struggle to access banking services, hindering aid in Sudan.
The Financial Conduct Authority (FCA) acknowledges the issues.
Proposals include legislation to guarantee charities the right to bank accounts.

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Story summary

During Ramadan, British Muslims raise about £2 billion annually for charity.
Derisking policies restrict Muslim charities by limiting their ability to send aid abroad.
A Muslim Charities Forum (MCF) report finds more than two-thirds struggle to access banking services, hindering aid in Sudan.
The Financial Conduct Authority (FCA) acknowledges the issues.
Proposals include legislation to guarantee charities the right to bank accounts.