# HSBC **Status: stub.** British multinational banking and financial services group. Relevant to this wiki chiefly through HSBC Asset Management's sharia-compliant index products. HSBC's Islamic Global Equity Index Fund, a passively managed vehicle tracking the S&P Global 1200 Shariah Select Index, bought roughly $38.3 million of [[Palantir]] shares in the first half of 2026. In October 2026 the holding triggered objections from UK pension providers whose sharia options route into the fund, and HSBC announced a review with independent expert advisers. See [[Alex Karp News Log]].