What is an example of a US-based mutual fund that adheres to Islamic SRI principles?
Understand the Problem
The question is asking for an example of a mutual fund in the United States that follows Islamic socially responsible investing (SRI) principles. The focus is on identifying a specific fund that aligns with these criteria.
Answer
Amana Income Fund
The Amana Income Fund is a US-based mutual fund that adheres to Islamic SRI principles.
Answer for screen readers
The Amana Income Fund is a US-based mutual fund that adheres to Islamic SRI principles.
More Information
The Amana Income Fund is managed by Saturna Capital and aligns investments with Islamic principles, ensuring compliance with guidelines like no interest-bearing instruments and ethical business practices.
Tips
When looking for Islamic SRI mutual funds, ensure they comply with both Shariah laws and socially responsible investing principles.
Sources
- Halal Investing - Saturna Capital - saturna.com
- Shariah-Compliant Funds: Definition and Examples - Investopedia - investopedia.com
AI-generated content may contain errors. Please verify critical information
