How the "Shariah Compliant" Industry Armed Israel | Riaz Hassan

Donate to our charity partner Baitulmaal here: http://btml.us/thinkingmuslim Tickets - This Is Syria Documentary Screening: https://www.thinkingmuslim.com/syria-... 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/member... 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/member... 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/7vXiAjV... Apple Podcasts: https://podcasts.apple.com/gb/podcast... Purchase our Thinking Muslim mug: https://www.thinkingmuslim.com/merch Find us on: WhatsApp: https://whatsapp.com/channel/0029VbDY... X: https://x.com/thinking_muslim LinkedIn:   / the-thinking-muslim   Facebook:   / the-thinking-muslim-podcast-105790781361490   Instagram:   / thinkingmuslimpodcast   Telegram: https://t.me/thinkingmuslim BlueSky: https://bsky.app/profile/thinkingmusl... Threads: https://www.threads.com/@thinkingmusl... Find Muhammad Jalal here: X:   / jalalayn   Instagram:   / jalalayns   Sign up to Muhammad Jalal's newsletter: https://jalalayn.substack.com 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. Timestamps: 00:00 - Introduction 01:06 - HSBC Islamic Fund Scandal 05:23 - Arms Companies in Halal Funds 09:00 - Donate to Baitulmaal 09:32 - How Sharia Screening Works 12:01 - RTX and Raytheon Investments 13:33 - Who Holds Sharia Boards Accountable? 18:44 - HSBC’s Palantir Investment 22:33 - Tesla, Elon Musk and Islamic Funds 26:23 - Rethinking Halal Investing 28:11 - BDS and Pension Divestment 30:57 - This Is Syria Trailer 32:38 - UAE Boycotts and Islamic Finance 34:57 - What Can Muslim Investors Do? 37:18 - Alternative Funds and SIPPs 39:06 - Islamic Ethics of Investing 41:35 - Gold, Property and Pensions 43:37 - Can Islamic Finance Change? 46:48 - The Thinking Muslim Conference