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Mohamad I. Nasir - Iman Fund
721 Enterprise Drive
Oak Brook, IL 60523
(877) 417-6161
mnasir@investaaa.com
www.imanfund.com
721 Enterprise Drive
Oak Brook, IL 60523
(877) 417-6161
mnasir@investaaa.com
www.imanfund.com
The Iman Fund (symbol: IMANX) invests in Shariah -compliant
companies, in response to the needs of Muslim investors, who not
only want to have a financially rewarding investment, but a Shariah
compatible one as well. Since June 2000, IMANX has provided
Muslims with an investment option based on Islamic principles.
The Iman Fund is offered by Allied Asset Advisors
The Iman Fund offers the following benefits:
Shariah compliance - The Fund adheres to Islamic principles. Based on Islamic criteria, the following businesses are generally excluded: Alcohol, Tobacco, Pork-related products, Conventional financial services (banking, insurance, etc.), Weapons and defense, Entertainment (hotels, casinos/gambling, cinema, pornography, music, etc.) The Fund does not invest in interest-paying instruments frequently used by mutual funds as overnight or temporary investments, and instead may hold cash on a temporary basis.
Diversification - The Fund offers diversification with a portfolio of over 100 Shariah-compliant companies in diverse business sectors.
Low Expenses - The Fund is a no load fund with one of the lowest annual fees of Shariah-compliant funds available. (Source: Allied Asset Advisors)
Accessibility and Flexibility -The Fund is available at Charles Schwab One Source, the largest mutual fund marketplace. In addition, it is available through Ameritrade, Scottrade, VanGuard 401K Plans and TD Waterhouse. The Fund offers flexible accounts and services including telephone purchase and redemption, and check writing.
Active Portfolio Management - An actively managed portfolio enables the Fund to take advantage of future opportunities in the market while staying true to Islamic principles. Among the securities that meet Islamic principles, the Investment Advisor determines a security's attractiveness for purchase based on a number of factors, including its anticipated value and record of earnings growth, among other things.
Shariah compliance - The Fund adheres to Islamic principles. Based on Islamic criteria, the following businesses are generally excluded: Alcohol, Tobacco, Pork-related products, Conventional financial services (banking, insurance, etc.), Weapons and defense, Entertainment (hotels, casinos/gambling, cinema, pornography, music, etc.) The Fund does not invest in interest-paying instruments frequently used by mutual funds as overnight or temporary investments, and instead may hold cash on a temporary basis.
Diversification - The Fund offers diversification with a portfolio of over 100 Shariah-compliant companies in diverse business sectors.
Low Expenses - The Fund is a no load fund with one of the lowest annual fees of Shariah-compliant funds available. (Source: Allied Asset Advisors)
Accessibility and Flexibility -The Fund is available at Charles Schwab One Source, the largest mutual fund marketplace. In addition, it is available through Ameritrade, Scottrade, VanGuard 401K Plans and TD Waterhouse. The Fund offers flexible accounts and services including telephone purchase and redemption, and check writing.
Active Portfolio Management - An actively managed portfolio enables the Fund to take advantage of future opportunities in the market while staying true to Islamic principles. Among the securities that meet Islamic principles, the Investment Advisor determines a security's attractiveness for purchase based on a number of factors, including its anticipated value and record of earnings growth, among other things.
Investing with Values
Halal Investing - Investing in Accordance With the Sharia Law
Halal defines what is permissible under Islamic Law known as "Shariah". Halal Investments are financial products which are deemed adherent to Shariah. Interest is strictly forbidden in Islam. Holy Quran states: O ye who believe! Devour not interest, doubled and multiplied; but fear Allâh; that ye may (really) prosper.1
According to the Quran 'Those who eat Ribâ (interest) will not stand (on the Day of Resurrection) except like the standing of a person touched by Shaitân (Satan) leading him to insanity. That is because they say: "Trading is only like Ribâ (interest)," whereas Allâh has permitted trading and forbidden Ribâ (interest). So whoever receives an admonition from his Lord and stops eating Ribâ (interest) shall not be punished for the past; his case is for Allâh (to judge); but whoever returns [to Ribâ (interest)], such are the dwellers of the Fire - they will abide therein)2.
Now the question is what are the other means of investments in which interest must not be involved or which are termed as halal investments? This refers to investing funds or doing transactions that are compliant with the Islamic Sharia law. This investment is different from the other common forms of investment due to its prohibition of investment in debt laden companies that may cause high risk to the investor.
The main benefit of halal investment is that it encourages people to invest in a socially responsible manner. They are advised to avoid investing in industries that promote alcohol, smoking, pornography and so forth. It is also Haram, that is, against the Islamic law, to invest in companies that derive their profits mainly from interest or interest (lending money for profit), Casinos and gambling, pork, hedging in silver and gold, ordinary insurance and financial services that generate their income from interest.
It is the utmost duty of every Muslim to find a Shari'ah based investment that adheres to rules and regulations described in the Quran and Hadith. Allied Asset Advisors follows a methodology developed over the past 20 years for adhering to Islamic Principles.
Halal defines what is permissible under Islamic Law known as "Shariah". Halal Investments are financial products which are deemed adherent to Shariah. Interest is strictly forbidden in Islam. Holy Quran states: O ye who believe! Devour not interest, doubled and multiplied; but fear Allâh; that ye may (really) prosper.1
According to the Quran 'Those who eat Ribâ (interest) will not stand (on the Day of Resurrection) except like the standing of a person touched by Shaitân (Satan) leading him to insanity. That is because they say: "Trading is only like Ribâ (interest)," whereas Allâh has permitted trading and forbidden Ribâ (interest). So whoever receives an admonition from his Lord and stops eating Ribâ (interest) shall not be punished for the past; his case is for Allâh (to judge); but whoever returns [to Ribâ (interest)], such are the dwellers of the Fire - they will abide therein)2.
Now the question is what are the other means of investments in which interest must not be involved or which are termed as halal investments? This refers to investing funds or doing transactions that are compliant with the Islamic Sharia law. This investment is different from the other common forms of investment due to its prohibition of investment in debt laden companies that may cause high risk to the investor.
The main benefit of halal investment is that it encourages people to invest in a socially responsible manner. They are advised to avoid investing in industries that promote alcohol, smoking, pornography and so forth. It is also Haram, that is, against the Islamic law, to invest in companies that derive their profits mainly from interest or interest (lending money for profit), Casinos and gambling, pork, hedging in silver and gold, ordinary insurance and financial services that generate their income from interest.
It is the utmost duty of every Muslim to find a Shari'ah based investment that adheres to rules and regulations described in the Quran and Hadith. Allied Asset Advisors follows a methodology developed over the past 20 years for adhering to Islamic Principles.
"The fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important
information about the investment company, and may be obtained by calling 877-416-6161. Read the prospectus carefully before investing.
Mutual Fund investing involves risk; principal loss is possible. The Fund invests in foreign securities which involve greater volatility and political, economic, and currency risks and differences in accounting methods. It is possible that the Islamic restrictions placed on investments and reflected in the main investment strategies may result in the Fund not performing as well as mutual funds not subject to such restrictions. Quasar Distributors, LLC, Distributor"
Mutual Fund investing involves risk; principal loss is possible. The Fund invests in foreign securities which involve greater volatility and political, economic, and currency risks and differences in accounting methods. It is possible that the Islamic restrictions placed on investments and reflected in the main investment strategies may result in the Fund not performing as well as mutual funds not subject to such restrictions. Quasar Distributors, LLC, Distributor"