In 1986, Dr. Mirza approached Nick Kaiser to offer suitable alternatives for Muslims to invest in. The result was the first Amana Fund, the Amana Income Fund. 35 years later, Nick and Dr. Mirza remain committed, together, to continuing to bring these great products to market.
Today, Saturna Capital advises Amana Mutual Funds Trust. Quarterly, the funds are reviewed and approved by Amanie Advisors — a board of scholars and other Muslims. Our disciplined investment process creates cost- and tax-efficient investment vehicles that are a valuable addition to any portfolio.
Amana Growth Fund
Investor Shares: AMAGX
Institutional Shares: AMIGX
Est. 1994
Seeks long-term capital growth by investing in common stocks and principally follows a large-cap investment style.
Amana Developing World Fund
Investor Shares: AMDWX
Institutional Shares: AMIDX
Est. 2009
Seeks long-term capital growth by investing in common stocks of companies with significant exposure to emerging markets.
Amana Income Fund
Investor Shares: AMANX
Institutional Shares: AMINX
Est. 1986
Seeks current income and preservation of capital by following an equity-income investment strategy.
Amana Participation Fund
Investor Shares: AMAPX
Institutional Shares: AMIPX
Est. 2015
Seeks capital preservation and current income by investing primarily in sukuk, Islamic investment certificates.
Our Investment Approach
The Amana Funds are driven by a fundamental commitment to be investors, not speculators. The Funds’ disciplined approach is designed to achieve long-term growth. While our philosophy is rooted in halal investing principles — such as low debt, ethical practices, financial strength, and sustainable growth — these fundamentals resonate with any investor seeking responsible and high-quality investment opportunities.
Our Investment Process
Our investment process is built on rigorous research and advanced technology to ensure that all investments meet our high standards. We utilize a proprietary software which screens, grades, and monitors over 5,000 securities worldwide each month. To ensure they align with our criteria, we conduct a detailed analysis to discover each company’s business sectors, financial practices, and core sources of revenue.
Once selected, securities are monitored to ensure they remain aligned with our investing principles. This approach is key to maintaining the integrity and performance of our funds. To ensure the Funds continue to remain halal, the Amana Funds are reviewed quarterly by Amanie Advisors Sdn Bhd, an independent board of religious advisors.
Halal Investment Criteria
Be an investor, not a speculator. No taking on excessive risk, speculation and debt, including short-selling and options.
No payment or charging of interest. Prohibited industries: alcohol, pornography firearms, tobacco, weapons manufacturing, pork products. No firms with significant debt.
Halal Investment Criteria
5,000 global stocks | ||
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Quantitative | ||
Business Sector Gambling, Alcohol, Tobacco, Pornography, Weapons, Pork, Fossil Fuel Extraction | Financial Screens > 5% revenue from haram sources | Social Rating |
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~ 2,150 pass Islamic screens / 1,100 pass sustainable screens | ||
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Qualitative | ||
Fundamental Attributes Competitive Position, Growth Markets, Strong Management | Global Sector Analysis Review Analysis in US & Malaysia | Saturna Stock Qualification Detailed Fundamental Analysis |
| Peer Review | Analyst Rating | |
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Recommended List: 325 Securities | ||
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Maintenance Research: Industry & Company Risk Monitoring | ||
Halal Money Matters podcast
Join our hosts and an assortment of special guests as they discuss Halal investing, retirement, financial planning, and much, much more.
