Kuala Lumpur, Malaysia (November 21, 2014) — Saturna Capital, investment adviser to the Amana Mutual Funds, has been named "Best Islamic Asset Management Company in the Americas" by Islamic Finance News, sponsor of the IFN Islamic Investor Awards 2014. The IFN Islamic Investor Awards honor key players driving forward the fast-growing, worldwide Islamic finance industry.
"At Saturna, we follow a principled and disciplined investment management process," said Jane Carten, president of Saturna Capital. "We are honored to have been chosen by our international peers to receive this esteemed award recognizing our commitment to putting shareowner interests first."
"We continue to launch new products to meet investors' demands," added Carten. "Saturna benefits from deep expertise in analyzing investments, and the long term results achieved by remaining steadfast in our strategies. We believe the criteria outlined by our faith-based products increase our ability to thrive because they inherently make us better risk managers."
Saturna received a similar award in 2011 as the result of IFN's Asset Management Poll of over 200 leading wealth management firms and individuals in the Islamic investment industry. In 2014, IFN replaced the polling format with a global advisory board of industry experts who review contenders against awards criteria that include experience, expertise, and investment performance against benchmarks, among others.
In 2010, Saturna established Kuala Lumpur-based Saturna Sdn. Bhd. (SSB) as a licensed Islamic fund manager.
Saturna's Islamic investment process, refined over two decades, employs a proprietary grading system developed by Saturna that screens and monitors a database of more than10,000 securities monthly to meet the requirements of the Islamic faith. Securities that receive an "A" grade — roughly half — are further appraised by Saturna's global team of 14 analysts who rigorously evaluate each security's potential to generate cash flow, sustain growth through difficult market cycles, and create value for shareowners over the long term.
For more information about the Islamic Finance News Islamic Investor Awards 2014, visit www.islamicfinancenews.com.