LONDON, Oct. 15 -- HSBC's Islamic Global Equity Index Fund, described by Middle East Eye as the UK's largest "sharia-compliant" fund, holds roughly $130 million in five companies the outlet links to Israel's military, and the bank has not answered questions about it.

Middle East Eye analysed the fund's semi-annual report for the first half of 2026, and added a Palantir figure from a Hyphen report published on Tuesday. The holdings it lists are RTX, $35.7 million, which works with Israeli arms firm Rafael on Iron Dome interceptors; Palantir, $38.3 million, in partnership with Israel's Ministry of Defence; Analog Devices, $20.3 million, which sent components to Elbit Systems in 2024; Honeywell, $18.9 million, whose unit MEE says was found ...