Hyderabad, Nov. 13 -- HSBC's Islamic Global Equity Index Fund, the UK's largest sharia-compliant investment fund, is expected to stop investing in several major companies linked to Israel's military after new rules were introduced to restrict investments in weapons and military businesses.

Middle East Eye (MEE) reported the development on Wednesday, November 11, 2026. It follows an October investigation by the news outlet which found that the HSBC fund had bought more than USD 100 million worth of shares in companies linked to the Israeli military during the first half of 2026.

The new rules for the S&P Global 1200 Shariah Select Index, which the fund follows, will come into force on Monday, November 23, 2026.

The changes are expected ...