How HSBC's Sharia fund invested millions in Israeli war-linked firms
A fund run by the international bank HSBC that must comply with Islamic law bought $130m in shares in firms tied to Israel's military. This breaches its Sharia compliance requirements.
A Sharia-compliant fund managed by the international bank HSBC has invested in companies linked to Israel's military sector, Al Jazeera reported on 19 October 2026.
According to the report, HSBC bought a total of $130m in shares in firms tied to Israel's military. That conduct breaches the Islamic law compliance requirements that apply to such funds.
Sharia funds are investment products offered on the promise that money is invested in line with Islamic legal principles. If a fund breaks those rules, it calls into question whether it is delivering what it promised its clients.
The source text available does not give further details, such as the names of the companies, when the investments were made, or any response from HSBC.
