What is Amana Mutual Funds Trust?
Amana Mutual Funds Trust is a family of mutual funds that adhere to Islamic principles of finance and investing. These funds are managed by Saturna Capital Corporation, a leading investment advisory firm specializing in socially responsible investments. The Amana Mutual Funds Trust offers a range of investment options, including equity funds, income funds, and preservation funds. The investment strategy employed by Amana Mutual Funds Trust involves careful screening of potential investments to ensure compliance with Islamic guidelines, which prohibit investing in companies involved in activities such as alcohol, gambling, and usury. Through the Amana Mutual Funds Trust, individuals can invest in a socially responsible manner while also aligning their investments with their religious values.
Answered Nov 2, 2023
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