Muslims Urge Wachovia to Explain Account Closures


In the Name of God, the Compassionate, the Merciful

FOR IMMEDIATE RELEASE

MUSLIMS URGE WACHOVIA TO EXPLAIN ACCOUNT CLOSURES

(WASHINGTON, DC, 5/8/2006) - The Council on American-Islamic Relations (CAIR) and the MAS Freedom Foundation today announced a campaign urging Wachovia to explain and reverse its decision to close the accounts of the Foundation for Appropriate and Immediate Temporary Help (FAITH) – a small, Northern Virginia charity that provides assistance to people of all faiths.

In November, 2005, Wachovia sent a letter to FAITH announcing that the organization's accounts would be closed in January, 2006. Wachovia had never previously expressed any concern about the charity. At all times during FAITH's several-year relationship with Wachovia the organization's accounts were in good standing.

Despite numerous attempts by FAITH to discuss the issue with Wachovia, the bank's position remains unsatisfactory. Wachovia Senior Vice President Jeraldine Davis said in a letter to the charity, "As you are aware the Bank's contract with FAITH provides that the Bank can close any customer's account at any time..."

"Wachovia's heavy-handed approach to this small community charity requires explanation," said CAIR Executive Director Nihad Awad. "Since 9/11, the American Muslim community has noticed disturbing trends within the national banking community where law-abiding American
Muslims are seemingly and summarily being denied service based solely on their name, religion or ethnicity."

CAIR, America's largest Islamic civil liberties group, has 32 offices and chapters nationwide and in Canada. Its mission is to enhance the understanding of Islam, encourage dialogue, protect civil liberties, empower American Muslims, and build coalitions that promote justice and mutual understanding.

CONTACT: FAITH Board Treasurer Margaret Farchtchi, 703-850-8555, E-Mail: farchtchim@hotmail.com; CAIR Government Affairs Director Corey Saylor, 571-278-4658, E-Mail: csaylor@cair-net.org; MAS Freedom Foundation Noman Bajwa, 202-496-1288, E-mail: mas4freedom@aol.com.

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CAIR
Council on American-Islamic Relations
453 New Jersey Avenue, S.E.
Washington, D.C. 20003
Tel: 202-488-8787, 202-744-7726
Fax: 202-488-0833
E-mail: cair@cair-net.org
URL: http://www.cair-net.org

 


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