Amana Trust IncomeAMANX

Morningstar Rating

Fund Research and Analysis

by David Kathman, CFA

There's a lot to like about Amana Trust Income.

This fund and its sibling Amana Trust Growth AMAGX are by far the largest in the small group of mutual funds aimed at Muslim investors and subject to restrictions based on Islamic law. Manager Nick Kaiser Read more

Kudos

One of few funds to cater to Muslim investors.

Strong long-term returns.

Very low turnover means it's tax-efficient. Read more

Risks

Investment mandate based on Islamic law may be too restrictive for some non-Muslim investors.

Expense ratio, though it has come down, is still high for a large-cap fund. Read more

Strategy

This fund adheres to Islamic investing principles. Its investment committee screens out companies that get more than 5% of their revenue from products or activities prohibited under Muslim law, including Read more

Management

Nick Kaiser of Saturna Capital has managed this fund since its 1989 inception, and he also manages its sibling, Amana Trust Growth. Monem Salam helps Kaiser on matters of Islamic law and is also an analyst and assistant portfolio manager for both funds, Read more

Inside Scoop

This is one of a handful of U.S. mutual funds aimed at Muslim investors, but non-Muslims should find plenty to like here as well. The fund's long-term record is excellent, Read more

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