HSBC Islamic Fund Invests in Occupation-linked Firms
Reports have indicated that an Islamic fund affiliated with HSBC has invested over $100 million in five companies connected to the Israeli occupation army, including RTX, Analog Devices, Hanyouil, Rolls-Royce, and Palantir, despite ongoing debate regarding the legitimacy of these investments under Islamic and ethical principles. The investments include approximately $35.7 million in RTX, $20.3 million in Analog Devices, $18.9 million in Hanyouil, $17.6 million in Rolls-Royce, and $38.3 million in Palantir, along with a stake worth $9.4 million in BAE Systems. These investments coincide with international criticism regarding the involvement of weapons and military technology companies in supporting the Israeli military sector, raising questions about how committed Islamic funds are to ethical principles when investing in companies linked to the Israeli military or military activities.
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