Amana Funds Marks 40 Years of Halal Investing for American Muslims

29 Jun 2026

Amana Funds Marks 40 Years of Halal Investing for American Muslims

News Article

The Amana Funds will celebrate the 40th anniversary of the Amana Income Fund this year, marking a milestone in the history of halal investing in the United States. The Amana Income Fund began operations on June 23, 1986, and its launch established the foundation for what would become the Amana Funds family.

What began with a single fund has grown into a broader platform of Islamic-compliant investment solutions including mutual funds, ETFs, and separately managed accounts (SMA) built to support the financial health of American Muslim investors. Amana Funds has long positioned its investment approach around Islamic principles, including the avoidance of interest and prohibited (haram) industries, alongside a focus on income, capital preservation, quality, and long-term discipline.

For many investors, the anniversary represents more than the age of a fund. It marks the beginning of a more accessible path to faith-aligned investing in the US, giving Muslim investors professionally managed products designed to reflect both financial goals and personal values.

“Forty years ago, the Amana Income Fund helped establish a new standard for halal investing in the US,” said Monem Salam, Executive Vice President, Director, and Portfolio Manager of the Amana Income and Amana Developing World funds. “This anniversary is an opportunity to reflect on that legacy, and the trust investors have placed in Amana Funds over the decades, while looking ahead to how halal investing can continue to serve future generations.”

The 40th anniversary also highlights the enduring need for investment solutions that help Muslim investors participate in the markets without compromising their beliefs. As interest in halal and values-aligned investing continues to grow, Amana Funds remains focused on delivering disciplined, faith-conscious strategies for long-term investors.

To learn more about the Amana Funds, please visit: Halal Funds

We're proud to celebrate 40 years of Amana Funds - a milestone rooted in faith-based investing and built on decades of trust, growth, and achievement. It all began with the Amana Income Fund, launched in 1986 as one of the first halal investment options available to US investors.

Explore the fund that started it all

About Saturna Capital Corporation

Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is an independent, employee-owned investment advisor based in Bellingham, Washington, managing approximately $11 billion (as of May 31, 2026) in assets for clients under management, providing investment advisory services to mutual funds, institutions, businesses, individuals, and endowments. Saturna Capital is adviser to the Amana Mutual Funds Trust, the oldest and largest family of funds in the US that follow principles of Islamic finance. Saturna Capital is also adviser to the US-based Saturna Funds.

Investing involves risks, including the possible loss of principal. The prospectus and summary prospectus contain more complete information on the investment objectives, risks, charges and expenses of the fund, and other information, which investors should read and consider carefully before investing. To obtain this and other important information about Amana Mutual Funds, Amana ETFs, or Saturna Mutual Funds in a current prospectus or summary prospectus, please visit Product Literature or call toll-free 1-800-728-8762. Please read the prospectus or summary prospectus carefully before investing.

No communication or content, including investment analysis tools and information about Saturna’s investment products, on this website is intended to provide investment advice or recommendations of any kind nor is it a solicitation to buy or an offer to sell any security and may not be relied upon as such. The information provided is also not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation. Neither Saturna Brokerage Services, Inc. nor Paralel Distributors has undertaken any review of the individual circumstances of any investor and make no representations with respect to the suitability of any investment for a particular investor.

Amana Mutual Funds and Saturna Mutual Funds are distributed by Saturna Brokerage Services, Inc. member FINRA / SIPC and a wholly-owned subsidiary of Saturna Capital. Amana ETFs are distributed by Paralel Distributors LLC, member FINRA. Paralel is unaffiliated with Saturna Brokerage Services, Inc. and Saturna Capital.

Saturna Capital Corporation, an SEC-registered investment adviser, provides asset management services for the Amana Mutual Funds Trust and the Saturna Investment Trust.

Investment strategy risk: Islamic principles restrict the Fund’s ability to invest in certain market sectors, such as financial companies and conventional fixed-income securities. The adviser believes that Islamic and sustainable investing may mitigate security-specific risks, but the screens used in connection with these strategies reduce the investable universe, which may limit investment opportunities and adversely affect the Fund’s performance. Because Islamic principles preclude the use of interest-paying instruments, cash positions do not earn interest income but, to the extent the Fund invests cash in murabaha or wakala, the Fund will share in the distribution of profits (as opposed to the payment of interest) related to any murabaha or wakala investments.

Murabaha risk: A murabaha transaction involves a purchase and deferred-payment resale of an asset. The asset is typically purchased by an Islamic bank as agent for the Fund. The bank, acting as the Fund's agent, immediately resells the asset to a previously identified third party who agrees to repay the Fund's cost for the asset plus a profit. Murabaha investments are subject to market risk (fluctuating prices and exchange rates), credit risk, and operational risk (errors in processes).

Wakala risk: When the Fund invests in wakala, it will be subject to the credit risk of the bank acting as agent, and the risk that the bank will not manage the investment in a profitable manner.

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