An HSBC sharia-compliant fund has invested over $100 million in companies linked to Israel's military, raising ethical concerns for Muslim savers.
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01Summary
- 01HSBC's 'sharia-compliant' fund invested more than $100 million in companies with ties to Israel's military.
- 02The fund is marketed as ethical and halal for Muslim investors.
- 03The revelation was published by Al Jazeera.
- 04The exact companies involved have not been named in the available report.
02Why it matters
This matters because Muslim savers who chose a halal pension may unknowingly be funding military activities they oppose, undermining their religious and ethical principles.
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