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Islamic Finance Briefing - Categorized | Funds, Market Moves more

Templeton’s Mobius to manage Islamic Asia-focused fund

Posted on 19 March 2013

Mark Mobius, one of the world’s most well-known emerging market investors, is getting into Islamic finance, highlighting the sector’s growing attraction as a mainstream asset class. Mobius will lead the Templeton Shariah Asian Growth Fund, one of three sharia-compliant products that is to be launched at the end of this month by investment house Franklin Templeton.
Islamic finance conforms with sharia law, meaning charging interest on debt and investing in companies dealing in certain products, such as alcohol, gambling and pork, are forbidden………………………………………..Full Article: Source

 
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