About Amana Mutual Funds Trust
In 1984, the North American Islamic Trust (NAIT) approached Nick Kaiser, an experienced mutual fund manager in Indianapolis, with the idea that Muslim investors had needs that were not being met. With an unafilliated board of trustees, Mr. Kaiser (now Chairman and Equity Portfolio Manager of Saturna Capital Corporation) worked to start the first fund in North America specifically designed to meet the needs of Muslim investors.
The Amana Mutual Funds Trust began on July 26, 1984. The Income Fund commenced operations on June 23, 1986. The Growth Fund began operations on February 3, 1994. The Developing World Fund began operations on September 28, 2009.
Saturna Capital Corporation is Amana's Investment Adviser and Administrator. Saturna Capital is also Amana’s shareowner servicing agent. Mr. Kaiser is a Trustee and President of Amana Mutual Funds Trust, and the principal portfolio manager of the Income, Growth, and Developing World Funds.
Saturna Capital selects investments in companies that to its knowledge do not violate the requirements of the Islamic faith at the time of investment. To ensure that investments meet the requirements of the Islamic faith, the Saturna Capital follows guidelines established by the Fiqh Council of North America (FCNA), a non-profit organization serving the Muslim community.