Ajman Bank has formed a strategic alliance with Franklin Templeton, a leading global asset manager managing approximately $1.62 trillion in assets, to offer Shariah-compliant investment solutions to its wealth management clients in the UAE.
This collaboration allows Ajman Bank to provide access to select Luxembourg-domiciled Franklin Templeton Shariah Funds, such as the Franklin Shariah Technology Fund, Franklin Shariah Global Multi-Asset Income Fund, and Templeton Shariah Global Equity Fund. These funds offer diverse exposure to global markets through actively managed portfolios.
Mustafa Al Khalfawi, CEO of Ajman Bank, stated: “This partnership enhances our clients’ access to top-tier investment solutions and a diverse portfolio of global Shariah-compliant funds, showcasing our dedication to addressing the evolving needs of UAE investors. By collaborating with Franklin Templeton, we aim to deliver superior Shariah-compliant solutions through a reliable local platform.”
The partnership aligns with Ajman Bank’s vision to provide clients with world-class investment expertise, supported by a partner with 25 years of experience in the Middle East and a proven track record in managing Shariah-Compliant assets. Franklin Templeton, serving over 150 countries, is well-equipped to meet the UAE’s growing demand for values-aligned investment solutions due to its expertise in emerging markets and Shariah investments.
Sandeep Singh, Head of CEEMEA & India at Franklin Templeton, remarked: “We are thrilled to expand our presence in the UAE through this strategic collaboration with Ajman Bank. As a leading global asset manager offering Shariah-compliant funds, Franklin Templeton is dedicated to delivering top-notch global investment capabilities. This partnership enhances investor access to diversified, actively managed Shariah-compliant strategies in the region.”
This initiative underscores Ajman Bank’s long-term commitment to empowering clients with premier, Shariah-compliant solutions through collaborations with leading global institutions.
