Amana Income Fund - AMANX
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DESCRIPTION:
Date updated:12-12-2007
Makes investments that comply with Shariya/Islamic law.
From their website: "Generally, Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is not permitted by Islamic principles. Some of the businesses not permitted are liquor, wine, casinos, pornography, insurance, gambling, pork processing, and interest-based banks or finance associations.
The Funds do not make any investments that pay interest. In accordance with Islamic principles, the Funds shall not purchase bonds, debentures, or other interest paying obligations of indebtedness. "
Current Returns:
1-Year: 13.20%
3-Year: 17.57%
5-Year: 19.38%
As of 10/31/07
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