HSBC Faces Scrutiny Over Controversial Investments in Islamic Fund

• HSBC is reviewing its $9 billion Islamic fund's holding in Palantir due to concerns from UK workplace pension schemes.
• HSBC invested $130 million in firms tied to Israel's military, violating Islamic law compliance requirements.
• The fund tracks the S&P Shariah index, which typically avoids companies involved in military activities.
• UK workplace pension schemes have raised concerns about the inclusion of Palantir in the fund.
• HSBC's actions are currently under scrutiny for potential breaches of Islamic law compliance.