HSBC ‘sharia‑compliant’ fund spent over $100m on five Israeli military‑linked firms

The UK’s largest “sharia-compliant” fund has purchased more than $100m worth of shares in companies linked to the Israeli military in the first half of this year, a Middle East Eye analysis can reveal. This comes after Hyphen reported on Tuesday that the British banking giant HSBC’s Islamic Global Equity Index Fund purchased $38m worth of shares in the controversial American technology firm Palantir. Most halal pension schemes in Britain are invested in HSBC’s fund, which says it is “building portfolios underpinned by the principles of Islamic investing that deliver both investment returns and better outcomes for society as a whole”. Read more: HSBC ‘sharia‑compliant’ fund spent over $100m on five Israeli military‑linked firms A branch of HSBC bank in central London on 24 February 2026 (AFP)