HSBC Global Funds ICAV - Global Sukuk UCITS ETF
HSBC Global Funds ICAV - Global Sukuk UCITS ETF (LSE: HBKU) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $11.29 (about ₹1,083 a unit) as of 28 Sep 2026, 6:12 AM ET. It has an expense ratio of 0.37%. Indian residents can buy HBKU through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$11.25
Today's high
$11.37
52 week low
$11.20
52 week high
$11.93
HBKU opened at $11.37, closed previously at $11.28, and has traded between $11.20 and $11.93 over the past 52 weeks.
About
This investment vehicle is structured to offer both steady income generation and the prospect of capital appreciation over time. Its strategy involves closely mirroring the total return performance of the FTSE IdealRatings Sukuk Index. Crucially, all its investment decisions and activities are conducted in strict compliance with Shariah principles.
Key statistics
Expense ratio
0.37%
Assets (AUM)
$578.4M
Holdings
—
NAV
$11.27
Avg. volume
—
1-year price change
-1.10%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 16.0% of the fund.
Where the money is invested
Sectors
How to buy HBKU from India
Indian residents can buy HBKU units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search HBKU and buy
Find the fund by its ticker, HBKU, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in HBKU from India
Trading and taxes when buying HBKU from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the HBKU price today?
HSBC Global Funds ICAV - Global Sukuk UCITS ETF (HBKU) last traded at $11.29 on the London Stock Exchange ETF segment, as of 28 Sep 2026, 6:12 AM ET. That is ₹1,083 a unit at the 27 Sep 2026 USD/INR rate.
When does HBKU trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is HBKU, and what does it cost to hold?
HSBC Global Funds ICAV - Global Sukuk UCITS ETF manages about $578.4M. Its expense ratio is 0.37% a year, deducted inside the fund. It launched in 2023.
Is HBKU a UCITS ETF?
Yes. HSBC Global Funds ICAV - Global Sukuk UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in US dollars.
What are HBKU's largest holdings?
The top three are KSA Sukuk Ltd 4.274% 22/05/2029 (1.9%), KSA Ijarah Sukuk Ltd 4.875% 09/09/2035 (1.8%) and KSA Sukuk Ltd 4.511% 22/05/2033 (1.8%). HBKU's 10 largest positions make up 16.0% of the fund.
Is HBKU subject to US estate tax?
No. Because HBKU is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are gains on HBKU taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
How has HBKU performed?
HBKU's price is down 1.1% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is HBKU different from a US-listed ETF?
HBKU is domiciled in Ireland rather than the US, which keeps it outside US estate tax. Capital gains on both are taxed the same way in India.