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HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF HESC.L
HESC.L Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF is classified as not halal.
NOT HALAL
Is HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF Halal?
Shariah Compliance Analysis of HESC.L ETF
No. As of September 2026, HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF (HESC.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF does not pass Musaffa's business and financial screening criteria.
HESC.L was created on 2022-11-03 by HSBC. The fund's investment portfolio concentrates primarily on small cap equity. The Fund aims to track as closely as possible the returns of the MSCI Emerging Markets Small Cap SRI ESG Universal Select Index (the Index), while integrating environmental, social and governance (ESG) metrics. The Fund will invest in or gain exposure to shares of companies which make up the Index.
HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF (HESC.L) Chart
Key Statistics of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF (HESC.L)
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-FAQ's for HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF (HESC.L)
- As of September 2026, HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF HESC.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF using these criteria to determine its compliance status.
- The Shariah compliance status of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
- Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
- You can check the latest Shariah compliance status of HSBC ETFs PLC - HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
