Franklin Templeton Investments has launched three Shariah-compliant SICAV funds in Singapore as sub-funds of its recently launched Luxembourg-domiciled Shariah Funds umbrella. 

The three funds -- Franklin Templeton Global Sukuk Fund, Templeton Shariah Global Equity Fund and Templeton Shariah Asian Growth Fund -- have been available to international investors since 25 March 2013. 

The global sukuk fund is managed by Mohieddine Kronfol, the Dubai-based chief investment officer for MENA fixed income and global sukuk, and Stephen Dover, international CIO of Franklin Templeton Local Asset Management Group. It focuses on fixed and floating rate shariah-compliant securities issued by the government, government-related and corporate entities. 

The shariah global equity fund is led by Alan Chua, executive vice president, lead portfolio manager and research analyst at Templeton Global Equity Group. The Asia growth fund is managed by Mark Mobius, executive chairman, and supported by Dennis Lim and Allan Lam, senior managing directors and portfolio managers of the Templeton Emerging Markets Group. 

Franklin Templeton Investments is not new to shariah-linked investments. As of 31 December 2012, the company managed some $1 billion in shariah-compliant assets for clients worldwide. The firm has shariah-specialist operations in Singapore, Hong Kong, Malaysia and the UAE.