About Amana Mutual Funds Trust
At Saturna Capital and the Amana Mutual Funds Trust, we endeavor to align our investments with our principles.
Our Funds favor companies with low price-to-earnings multiples, strong balance sheets, and proven businesses. They follow a value-oriented approach consistent with Islamic finance principles. Generally, these principles require that investors avoid interest and investments in businesses such as liquor, pornography, gambling, and banks. The Funds avoid bonds and other conventional fixed-income securities.
Saturna Capital selects investments in companies that to its knowledge do not violate the requirements of the Islamic faith at the time of investment. To ensure that investments continue to meet the requirements of the Islamic faith, Saturna Capital engages Amanie Advisors Sdn Bhd, a leading consultant specializing in Islamic finance.
The Amana Funds limit the securities they purchase to those consistent with Islamic and ESG principles. This limits opportunities and may affect performance.
Watch Amana Mutual Funds Trust founders, Nick Kaiser and Yaqub Mirza, discuss the creation and history of the Trust.
Investing according to Islamic principles can offer many benefits to Muslims and non-Muslims alike. Halal investing encourages a disciplined investment process that promotes in-depth security research and monitoring. Generally, the low debt requirements of Islamic screens facilitate a conservative approach that appeals to risk-averse investors.
Investing & Zakat
Zakat is the third pillar of Islam and the cornerstone of its economic system. It represents "the first and foremost mechanism to implement economic justice," according to economist Dr. Monzer Kahf. As a religious duty and an obligation on all Muslims, it offers the donor the inner satisfaction of a duty accomplished.
Investing For Hajj
Islam mandates that all Muslims who are financially and physically capable perform a pilgrimage to Mecca — the Hajj — once in a lifetime. Besides commanding his companions to perform it, the Prophet (Salla Allahu Alayhi wa Sallam) advised them to financially prepare for it, and delineated the specific way in which each of the rituals involved was to be performed.
Tune in to our podcast: Halal Money Matters
Join our hosts and an assortment of special guests as they discuss Halal investing, retirement, financial planning, and much, much more.
Monem Salam MBA
Executive Vice President
Saturna Capital, the Amana Funds’ investment adviser, screens more than 5,000 global securities monthly.
Business sector and environmental, social, and governance (ESG) screens eliminate companies primarily involved in certain activities, including alcohol, pornography, insurance, gambling, pork processing, and interest-based banks or finance associations.