The growth of sharia finance has been driven by legalistic interpretations that allow diverse assets to be categorized as theologically approved. Observers suggest this framework enables managers to fit essentially any asset into approved buckets, fueling the rapid expansion of the sector regardless of the nature of the underlying business.
Tuesday, October 20, 2026
Story
HSBC’s Largest UK Sharia Fund Buys $100M in Israeli Military Stocks
Business6 days ago
An analysis by Middle East Eye has identified new positions in five defense firms within a prominent British investment portfolio through June. The HSBC Islamic Global Equity Index Fund invested more than $100 million in companies tied to the Israeli military in the first half of 2026, including $38 million in shares of Palantir. The fund is the largest sharia-compliant vehicle in the UK and manages the bulk of the country's halal pension money.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.