How HSBC’s Sharia fund invested millions in Israeli war-linked firms
- The United Kingdom’s biggest so-called Sharia-compliant fund spent more than $130 million to buy shares in several companies linked to the Israeli military amid an ongoing genocide in Gaza, pogroms in the occupied West Bank, and occupation of southern Lebanon.
- HSBC, Europe’s second-largest bank, invested the funds through its Islamic Global Equity Index Fund in companies linked to Israel’s military supply chain – from components used in weapons to technology and equipment with military applications.
- The firms range from US tech giant Palantir to the world’s second-largest arms company, RTX.
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- The United Kingdom’s biggest so-called Sharia-compliant fund spent more than $130 million to buy shares in several companies linked to the Israeli military amid an ongoing genocide in Gaza, pogroms in the occupied West Bank, and occupation of southern Lebanon.
- HSBC, Europe’s second-largest bank, invested the funds through its Islamic Global Equity Index Fund in companies linked to Israel’s military supply chain – from components used in weapons to technology and equipment with military applications.
- The firms range from US tech giant Palantir to the world’s second-largest arms company, RTX.
Sources: Al Jazeera