Amana Mutual Funds Trust builds products designed to appeal to Muslim investors, but the company says its funds have won a much broader following.
Amana, which is part of Saturna Capital, offers four mutual funds that follow Islamic finance principles. The two largest are the $1.4 billion Amana Income fund (AMANX),..more: WST
The Messenger of Allah, peace and blessings be upon him, said, “I have surely been given the Quran and something like it along with it (Sunnah). Soon the time is come when a man will recline on his couch, saying: Only follow the Quran, make lawful what you find in it as lawful and outlaw what you find in it as unlawful.”
Source: Sunan Abī Dāwūd – Grade: Sahih (authentic)
عَنْ الْمِقْدَامِ بْنِ مَعْدِي كَرِبَ عَنْ رَسُولِ اللَّهِ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ أَنَّهُ قَالَ أَلَا إِنِّي أُوتِيتُ الْكِتَابَ وَمِثْلَهُ مَعَهُ أَلَا يُوشِكُ رَجُلٌ شَبْعَانُ عَلَى أَرِيكَتِهِ يَقُولُ عَلَيْكُمْ بِهَذَا الْقُرْآنِ فَمَا وَجَدْتُمْ فِيهِ مِنْ حَلَالٍ فَأَحِلُّوهُ وَمَا وَجَدْتُمْ فِيهِ مِنْ حَرَامٍ فَحَرِّمُوهُ
سنن أبي داود كتاب السنة باب في لزوم السنة – إسناده صحيح في تخريج سنن أبي داود
Jundub ibn Abdullah reported: “We were with the Prophet, peace and blessings be upon him, while we were strong young boys. We learned faith before we learned the Quran, then we learned the Quran and it strengthened our faith” (Sunan Ibn Mājah)