Donate to our charity partner Baitulmaal here:

http://btml.us/thinkingmuslim

Tickets - This Is Syria Documentary Screening: https://www.thinkingmuslim.com/syria-documentary

Join us for The Thinking Muslim Conference in London: http://www.thinkingmuslim.com/conference

Help us expand our Muslim media project here: https://www.thinkingmuslim.com/membership

The HSBC Islamic fund scandal has raised urgent questions about halal investing: how can a Sharia-compliant fund hold shares in arms manufacturers and companies linked to Israel’s war on Gaza?

Riaz Hassan joins Muhammad Jalal to discuss reports of HSBC’s Islamic fund investing in companies including RTX, the parent company of Raytheon, and Palantir. Having raised concerns about Islamic investments in February, Riaz examines what these revelations mean for Muslim pensions and the wider Islamic finance industry.

How does Sharia screening work? Who takes responsibility when scholars approve a fund and banks choose its investments? And why might a company pass financial checks while its role in surveillance or weapons production goes unexamined?

In this episode, we discuss:

• How automated screening and company classifications shape Sharia-compliant investments.

• The concerns surrounding Palantir and RTX in Islamic investment portfolios.

• The role of Sharia boards, fund managers and accountability to Muslim investors.

• Why Riaz argues Islamic finance needs a political filter alongside its existing checks.

• BDS, divestment and the pressure Muslim investors can put on financial institutions.

• Alternative funds and self-invested personal pensions (SIPPs), alongside the difficulties of moving your money.

As Muslim investors question where their savings are going, this conversation asks what the halal label promises and what needs to change within Islamic finance.

Subscribe to The Thinking Muslim for more conversations on Islamic finance and the issues shaping Muslim communities.

#IslamicFinance #HSBC

Find Riaz Hassan here:

Substack: https://substack.com/@riazhassan

Become a member here:

https://www.thinkingmuslim.com/membership

Or give your one-off donation here:

https://www.thinkingmuslim.com/donate

Listen to the audio version of the podcast:

Spotify: https://open.spotify.com/show/7vXiAjVFnhNI3T9Gkw636a

Apple Podcasts: https://podcasts.apple.com/gb/podcast/the-thinking-muslim/id1471798762

Purchase our Thinking Muslim mug: https://www.thinkingmuslim.com/merch

Find us on:

WhatsApp: https://whatsapp.com/channel/0029VbDYCfV5PO199ImLqZ34

X: https://x.com/thinking_muslim

LinkedIn: https://www.linkedin.com/company/the-thinking-muslim/

Facebook: https://www.facebook.com/The-Thinking-Muslim-Podcast-105790781361490

Instagram: https://www.instagram.com/thinkingmuslimpodcast/

Telegram: https://t.me/thinkingmuslim

BlueSky: https://bsky.app/profile/thinkingmuslim.bsky.social

Threads: https://www.threads.com/@thinkingmuslimpodcast

Find Muhammad Jalal here:

X: https://twitter.com/jalalayn

Instagram: https://www.instagram.com/jalalayns/

Website Archive: https://www.thinkingmuslim.com

Disclaimer:

The views expressed in this video are those of the individual speaker(s) and do not represent the views of the host, producers, platform, or any affiliated organisation. This content is provided for lawful, informational, and analytical purposes only, and should not be taken as professional advice. Viewer discretion is advised.

Hosted on Acast. See acast.com/privacy for more information.

Adventnyt 2 | april 2023

About this episode

Comments

Rate this episode

Episode Details