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HIES

HSBC MSCI EM Islamic Screened Capped UCITS ETF

£9.61Price per unit
26.7% / yr5-yr avg return
0.35%Annual fee
HighRisk

An emerging-markets fund, not a global developed fund. Higher growth potential than ISWD or IGDA, but more volatile and more exposed to currency and political risk.

Annualised since launch (Jan 2023); not yet a full 5-year track record. Emerging-market funds are more volatile, recent strong performance is not a guide to the future.

What does HIES actually own?

An HSBC-managed emerging markets fund, not a global developed-markets fund: it tracks Shariah-screened large and mid-cap companies across emerging markets (China, India, Taiwan, Saudi Arabia, and more). Higher growth potential than developed-market funds, but emerging markets are more volatile and more sensitive to currency and political risk.

Emerging markets: China, India, Taiwan, Saudi Arabia and more
MSCI Emerging Markets Islamic Universal Screened Select Capped
ISA-eligible

How to buy HIES

InvestEngine

ETF-specialist platform. Excellent for monthly auto-invest and JISAs.

£1

Min. invest

0% (DIY)

Platform fee

Free

Dealing fee

Open an account

Trading 212

Fractional shares mean you can invest for as little as £1. Best for beginners.

£1

Min. invest

0%

Platform fee

Free

Dealing fee

Open an account

Next step

Opening your account, step by step

1
Open an account: Pick a platform above and open a Stocks & Shares ISA (tax-free) or a general account. It takes about 10 minutes. Have your ID and National Insurance number ready.
2
Add money: Top up by debit card or bank transfer. On Trading 212 and InvestEngine you can start with as little as £1.
3
Find HIES: Search for “HIES” in the app. That’s HSBC MSCI EM Islamic Screened Capped UCITS ETF.
4
Buy your first units: Enter the amount in pounds and confirm. Fractional shares mean you don’t need to buy a whole unit.
5
Automate it: Set up a monthly recurring order so you keep investing consistently without having to think about it.

Not ready for real money yet? Practise with £1,000 of virtual cash first.

Practise first

How we know this is halal

Shariah compliance

Screened by

MSCI Islamic

Frequency

Quarterly

Certification

MSCI Emerging Markets Islamic Universal Screened Select Capped Index methodology

The 5 screens applied to every company in this fund:

1
Revenue screen: Less than 5% of revenue from alcohol, gambling, weapons, tobacco, adult content, pork, or conventional banking.
2
Debt screen: Total debt less than 33% of market capitalisation.
3
Interest income: Cash and interest-bearing deposits less than 33% of market capitalisation.
4
Receivables: Accounts receivable less than 33% of total assets.
5
Non-permissible income: Less than 5% of total revenue from any non-permissible source.
Purification

HSBC publishes a non-permissible income ratio for this fund on its factsheet. Check the current figure on HSBC Asset Management's site and donate that proportion of any dividends you receive to charity.

What to pair HIES with

ISWDiShares MSCI World Islamic UCITS…
Medium

HIES (emerging markets) + ISWD (developed markets) gives genuinely global exposure across both halves of the world economy.

View ISWD →
ISDEiShares MSCI Emerging Markets Islamic…
High

HIES and ISDE both target emerging markets via different screening bodies (MSCI vs iShares' own EM Islamic index). Holding one is usually enough: compare fees and holdings before doubling up.

View ISDE →

Mana is an educational platform. We're not regulated by the FCA and nothing here is a personal recommendation. Everything you see (ETF illustrations, goal projections, quiz results, AI responses) is general information to help you learn. Before investing, please do your own research and consider speaking to a regulated financial adviser.

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