US asset manager Franklin Templeton set to launch new Sharia compliant tech-focused fund
Innovative fund will be run out of Silicon Valley, leveraging access to the tech sector.
Manama: Franklin Templeton Investments, one of the largest asset managers in the world, is set to launch a new Sharia-compliant technology focused fund.
The Franklin Shariah Technology Fund is a sub-fund of the Luxembourg-domiciled Franklin Templeton Shariah Funds (FTSF) range. At present the fund is available in the UAE, and is set to launch in the near future in the UK, Switzerland and Singapore. Franklin Templeton Investments manages around $1.5 trillion in assets globally, including $3 billion in Sharia-compliant assets.
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