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Saturna launches the Islamic Amana Developing World Fund

Posted on 06 October 2009

Saturna Capital Corporation, adviser to the Amana Mutual Funds Trust, has launched the Amana Developing World Fund (AMDWX). The new fund is the third in the Amana Funds family designed for American Muslim investors, which includes the Amana Income Fund (AMANX) and the Amana Growth Fund (AMAGX). They are managed in compliance with Islamic (sharia) principles.

“The Amana Developing World Fund serves the growing demand for investment opportunities in emerging markets while expanding the field of portfolio diversification options for the American Muslim community,” said Monem Salam, vice president and director of Islamic investing at Saturna Capital, and deputy portfolio manager of the Amana funds……………..Full Press Release: Source

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