Amana Funds White Papers

  • Behind the Scenes: A Closer Look at the Amana Participation Fund Investment Process
    Saturna Capital, White Papers - November 2021

    In this informational article, we answer seven commonly asked questions about the Amana Participation Fund's investment process.

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  • Islamic Investing 2.0: The Way Forward
    From the Yardarm, Amana Mutual Funds Trust - December 2020

    Traditional Islamic-compliant mutual funds have served Muslim investors well in the four decades since the first was launched in Malaysia. By fostering partnership in shared risk and reward (musharaka), and by allowing investors to diversify their assets while avoiding haram activities — typically alcohol, tobacco, gaming, financial services, pork processing, and pornography.

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  • 2020 Impact Report
    Amana Mutual Funds Trust, White Papers - December 2020

    Amid the turbulence of 2020 we are grateful for our clients’ support of the Amana Funds. In the spirit of continual improvement, this second annual Impact Report builds on the work we outlined in 2019. Specifically, we have added the Amana Developing World Fund to our coverage and included additional performance-based metrics.

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  • GCC Sukuk: A Primer
    Saturna Capital, White Papers - June 2020

    This primer provides an overview of the investment landscape and characteristics of sharia-compliant investment certificates, referred to as sukuk, as a market niche that continues to evolve.  We cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil; an important point to consider since hydrocarbons largely drive sukuk issuers’ economies. 

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  • 2019 Impact Report
    Amana Mutual Funds Trust, White Papers - December 2019

    Amidst the rapid growth of ESG strategies, it’s important that investors are able to understand whether their investments are living up to expectations both in financial and impact terms. Find out more about Amana Funds' holistic analysis of corporate strategy, impact, and risk.

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  • Green Sukuk: A New Legacy for Green Sprouts?
    Saturna Capital, White Papers - November 2019

    Green bonds are earning creditability within the fixed-income community as viable instruments that combine the dual objectives of investment returns and environmental and climate mitigation. At the end of 2018, total green bond issuance came in at US $167.3 billion, an increase of 3.2% from the $162.1 billion issued the year prior, and 105% more than 2016’s total issuance of $81.6 billion, reflecting a three-year compound annual growth rate of 57.0%.

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  • Evaluating Islamic Standards: Islamic Investing and its Evolution from Niche to Mainstream
    From the Yardarm, Amana Mutual Funds Trust - April 2019

    While the Quran encourages trade and investment – and provides guidance for how Muslims should approach these activities – formalized financial processes did not begin to develop until the mid-20th Century. In this piece, we discuss the evolution of Islamic screening and step through various methodologies present in the market.

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  • Can Revenue Bonds Be Halal?
    Amana Mutual Funds Trust, White Papers - December 2017

    In this white paper we explore several "CORE" criteria for an investment certificate to be considered halal.

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  • Dancing With Correlation
    Amana Mutual Funds Trust, White Papers - March 2017

    We explore the correlation between Islamic investment certificates, including sukuk, and other investment asset classes as a means of better understanding the risk and return characteristics of this unique and distinct asset class.

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  • What Makes Sukuk Halal?
    Amana Mutual Funds Trust, White Papers - February 2017

    We explain what differentiates Islamic investment certificates, often called sukuk, from conventional bonds, and identifies the distinctive features that form the core of what makes sukuk Islamic-compliant, or halal.

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These reports should not be considered as providing investment advice or services, or any service offered by Saturna. Saturna may not have taken any steps to ensure that the securities referred to in these reports are suitable for any particular investor. Saturna will not treat recipients as its customers by virtue of their reading or receiving the reports.

Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Standardized returns current to the most recent month-end can be obtained by visiting Month-end Performance.