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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