Ajman Bank partners with Franklin Templeton, launching Shariah-compliant global investment funds in UAE

Ajman Bank has entered into a strategic partnership with Franklin Templeton, a global asset manager with $1.62 trillion under management. The partnership offers a suite of Shariah-compliant investment solutions to wealth management clients in the UAE.

The collaboration will provide investors access to select Luxembourg-domiciled Franklin Templeton Shariah funds, including the Franklin Shariah technology fund, Franklin Shariah global multi-asset income fund, and Templeton Shariah global equity fund. These actively managed portfolios will allow UAE clients to diversify across global markets while adhering to Islamic finance principles.

“This partnership strengthens our customers’ reach to best-in-class investment solutions and a diversified portfolio of global Shariah-compliant investment funds, and reflects our commitment to meeting the evolving needs of investors in the UAE,” said Mustafa Al Khalfawi, CEO of Ajman Bank. “By working with Franklin Templeton, we aim to deliver high-quality, Shariah-compliant solutions through a trusted local platform.”

Franklin Templeton, which has more than 25 years of experience in the Middle East, is recognized as one of the leading global managers of Shariah-compliant assets. The firm serves clients in over 150 countries and has deep expertise in emerging markets and faith-based investments.

“We are delighted to continue expanding our footprint in the UAE through this strategic partnership with Ajman Bank,” said Sandeep Singh, head of CEEMEA and India at Franklin Templeton. “As one of the largest global asset managers offering Shariah-compliant funds, Franklin Templeton is committed to delivering world-class global investment capabilities. This collaboration enhances investor access to diversified, actively managed Shariah-compliant strategies in the region.”

The new offering supports Ajman Bank’s broader vision to empower clients with values-aligned investment opportunities, leveraging partnerships with global institutions to meet rising demand for Islamic finance solutions in the UAE.