(For UK Sharia pension savers, October 2026)
The HSBC Islamic Global Equity Index Fund, which sits behind most UK Sharia pension options, bought US$38m of Palantir. It also holds RTX, BAE Systems and other companies arming Israel.
Explore the defence-related companies recorded in HSBC’s semi-annual report for the fund, period to 30 June 2026.
File 01 of 08
Data and AI software used by militaries and intelligence agencies.
Palantir told investors it agreed to supply technology to Israel “to assist in the ongoing war”.
Palantir’s investor filing ↗Loading the evidence figure…
File 01 · Palantir
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Figures show the fund on 30 June 2026. Holdings can change.
11 companies · US$121.6m · 1.49% Read HSBC’s report ↗The fund tracks the Dow Jones Islamic Market Titans 100, whose rules screen out weapons.
New benchmark: S&P Global 1200 Shariah Select. Its Shariah screen has no weapons or defence exclusion.
US$38.3m of Palantir and US$35.8m of RTX, among the fund’s largest purchases of the period.
Reported in HSBC’s own semi-annual accounts.
The fund’s supplement lists “weapons and defences” as inappropriate “unless otherwise approved by the Shariah Committee”. No approval or reasoning has been published.
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