Sunday, April 14, 2024

‘App for Muslim Canadians’ seeks transparency in banking services

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RuhCares chief executive officer CEO said he was surprised to learn that global money transfer financial technology company Wise had conducted a risk assessment before closing his organizations account

Omar Khan was organizing a session connecting Canadians with Muslim therapists. He was also creating a forum on how to reduce the deterioration of mental health related to the Israel-Hama war. That’s when he came to know that banking services on his online therapy platform had been stopped without any explanation.

Ruh Care’s chief executive officer (CEO) said he was surprised to learn that global money transfer financial technology company Wise had conducted a risk assessment before closing his organization’s account.

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The initiative comes shortly after the Israel-Hamas war broke out in early October. A few months later, Wise followed suit with an online fundraising platform in the US. In this situation, Khan raised the question whether he and other Muslim businesses are being treated unfairly.

Khan, who lives in Ottawa, said it’s “very unfair and seems to be targeting Muslim organizations.” It is very disruptive.

According to Ruhr, since the start of the Israel-Hamas war on October 7, a large number of people have been using their service. This includes Canadians who have been left devastated after seeing images of the conflict.

Khan said, I have asked Wise for an answer as to why Ruhr’s account was closed. But I didn’t get a clear answer. I didn’t even get any kind of notice from them before stopping the service.

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