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HSBC sharia-compliant fund held $100m in Israeli military-linked firms
Original: “HSBC ‘sharia‑compliant’ fund spent over $100m on five Israeli military‑linked firms” by Imran Mulla in Middle East Eye
Middle East Eye, citing its analysis of HSBC's Islamic Global Equity Index Fund, reports the sharia-compliant fund spent over $100 million on five Israeli firms linked to the military. The finding is drawing attention among pro-Palestinian audiences, who question how such holdings align with the fund's Islamic ethical investing principles.
Why now: The report raises concerns about ethical and religious compliance of Islamic investment products during the Gaza conflict.
HSBCMiddle East EyeIslamic Global Equity Index FundImran Mulla
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Evidence
- “HSBC ‘sharia‑compliant’ fund spent over $100m on five Israeli military‑linked firms” by Imran Mulla in Middle East Eye @ palestine@fedibird.com @ Palestine@masto.ai @ palestine@lemmy.ml @ iran @ iraq @ palestinenews “MEE’s analysis of the Islamic Global Equity Index Fund’s… · GrumpyOldFart@expressional.social · 5
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