Amana Funds White Papers
Actively Managing Islamic Investments
From the Yardarm, Amana Mutual Funds Trust - June 2022
As the largest manager of Islamic investments in the United States, we believe that in the realm of Islamic investing, a truly passive option doesn’t exist. Instead, we ask where the active decisions are being made; in the choices of which screening methods are used to design the index, or in the implementation of screening methods in the actual investment portfolio?Continue reading . . .
GCC Sukuk: A Primer, 2nd Edition
Saturna Capital, White Papers - April 2022
This 2nd edition GCC Sukuk Primer provides an overview of the investment landscape and characteristics of Islamic-compliant investment certificates, commonly referred to as sukuk, a market niche that continues to evolve. We will cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil, since hydrocarbons largely drive sukuk issuers’ economies.Continue reading . . .
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.Continue reading . . .
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.Continue reading . . .
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.Continue reading . . .
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.Continue reading . . .
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.Continue reading . . .
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%.Continue reading . . .
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.Continue reading . . .
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.