HSBC Sharia fund invested in firms linked to Israel's military supply chain
HSBC has come under scrutiny after a report said its Islamic Global Equity Index Fund invested more than $130 million in companies linked to Israel's military supply chain. The fund is marketed as Sharia-compliant and is one of the United Kingdom's largest Islamic investment products. The report said the holdings included firms associated with components, technology and equipment used in military applications.The companies named in the report include Palantir and RTX, which it described as part of the wider supply chain supporting Israel's military. HSBC's fund, which has more than $8bn in assets, is designed to channel savings into global... [Continue Reading]
360LiveNews | 19 Oct 2026 19:09 LONDON
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