HBKU: HSBC Global Sukuk UCITS ETF
Sukuk fixed income, USD investment grade (UCITS) from HSBC Asset Management, ~0.37% MER, bought in USD on the London Stock Exchange.
Fund facts
Figures as of November 1, 2026; ~ marks an approximate fee: not confirmed on the provider’s own page, or its documents disagree.
- Provider
- HSBC Asset Management
- Type
- Sukuk fixed income, USD investment grade (UCITS)
- Listing
- London Stock Exchange (USD line HBKU, GBP line HBKS) · USD
- MER
- ~0.37%
What it tracks & who certifies it
FTSE IdealRatings Sukuk Index (US-dollar investment-grade sukuk).
How Canadians buy HBKU
UCITS on the LSE, via IBKR (USD line HBKU); a second UCITS sukuk route next to SKUK, and the closer match to an investment-grade sukuk fund.
OCF about 0.37% for the ETF class per HSBC's July 2026 overview; other HSBC pages show 0.40% or 0.70% for other share classes, so treat it as approximate. About US$549M across all share classes (HSBC, June 30, 2026). The ETF class has traded since September 2023 (ISIN IE000E8WZD37).
Compare HBKU against every halal ETF (fees on your amount) →
Common questions
Is HBKU Shariah-compliant (halal)?
HBKU is screened as follows: FTSE IdealRatings Sukuk Index (US-dollar investment-grade sukuk). Screening standards differ between index families, so verify the methodology against the standard you follow before investing.
What does HBKU cost per year?
The management expense ratio is approximately 0.37% per year: about $37 annually on a $10,000 holding, deducted inside the fund rather than billed to you.
Can Canadians hold HBKU in a TFSA or RRSP?
Yes, where your broker offers London Stock Exchange access (for example Interactive Brokers Canada). It is an Irish UCITS fund, so it carries no US estate-tax exposure.