62: ISPU’s Banking While Muslim research revealed: 62% of Muslims who have faced challenges while banking have faced a challenge with a nonprofit account, including having a credit card closed or having a nonprofit account opening denied. What is the impact? Humanitarian relief gets delayed. Social good businesses are stuck in survival mode.
This was a fact I should have known. I am a Muslim who worked in banking for years. At JP Morgan Private Bank, I often worked with the top 1%, advising CEOs, private equity partners, hedge fund principals, and their families. I interned on the Europe Middle East Asia (EMEA) team. A webinar on the phenomena of banking while Muslim is what drew me to ISPU. This was the piece that moved me—that led me to taking the position of ISPU’s Director of Development this summer. It was a gateway to many more gems I truly value. ISPU provides incredible insights that more people should know. I needed ISPU then—and I found it!
Sometimes I hear how we are “just” a research institute, not an organization that delivers humanitarian relief. But with ISPU’s research, we can help those orgs run better and address challenges. That was our intent when we partnered with LaunchGood and IRUSA to publish our Banking While Muslim research. With policy changes to fight bias, we can see so much more American Muslim impact and innovation.
The right information in the right hands will lead to policies, programs, and perceptions based on facts, not guesses or misinformation, leading to more well-informed decisions. We know the real facts, but we need them in more hands.
What I should have known then, I know now.
So, let’s talk about now: I wouldn’t be a development director if I didn’t remind you: To do what we're doing, and do it really well, we’ll need to raise $100,000 before the year ends.
Will you donate today to ensure that we are able to keep producing and sharing this vital research?
With your help, those who didn’t know of ISPU then, can know about ISPU now. I strongly believe in this work. This is why instead of accepting gifts on my birthday, I suggested gifts to ISPU. This is why I have pledged a portion of the Ali Family Foundation to ISPU after my death. This is why my parents give and my close friends give.
I do not want to live in “what ifs”—what if someone who needs ISPU doesn’t find us? I want everyone to know what I wish I would have known sooner. If we work together, InshaAllah we can do this.