HSBC Islamic Global Equity Index Fund

[tjp]

I would like to request HSBC Islamic Global Equity Index Fund to be added as there are only a small number of Shariah-compliant Islamic ETFs and Funds available on this platform.

It would be nice to see more ETFs and Funds catering to certain ethical/lifestyle requirements!

Thanks!

[saifali]

Where is it domiciled?

[tjp]

@saifali UCITS IV Luxembourg SICAV

[Enlil]

What exactly does it take for a financial product to be “shariah compliant” ?
@tjp is mentioning “ethical/lifestyle requirements”. What are those exactly ?
Just curious

[vento]

If I am not wrong, it is not possible to invest in companies that produce or sell alcohol, or companies that loan money and gets interests from it (Banks, and so on), and maybe many more. Not 100% sure tho.

[Enlil]

Just had a quick look on the internet. Here’s what I’ve found.
I’m posting it here just in case someone else wonders.