Fri, Dec 19, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Funds, Market Moves more

Amana Funds: Making money the Islamic way

Posted on 09 September 2010

From Kiplinger.com: Bellingham, Wash., a picturesque seaside community near the Canadian border, is about the last place you’d expect to find a multibillion-dollar mutual fund company. Even more surprising is that the firm, Saturna Capital, runs two stock funds that have produced terrific results despite — or perhaps because of — a requirement that they adhere to sharia, or Islamic law.
Nicholas Kaiser, Saturna’s chairman, launched Amana Income in 1986 after he was approached by a group of Muslim businessmen while he was with another firm. Kaiser, an Episcopalian, got the gig even though he knew nothing about Islamic principles……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031