Traditional mutual funds are off-limits to Muslims, because they typically contain securities that are forbidden by sharia law.
Bhd., located in Kuala Lumpur, Malaysia is a wholly owned subsidiary of Saturna Capital Corporation.
[7] Independent Trustees:[8] Interested Trustee: Officers who are not trustees:[9] The concept for the Amana Funds emerged in 1984 when two members of the North American Islamic Trust, Yaqub Mirza and Bassam Osman, presented the idea of a mutual fund for Muslim investors to Nicholas Kaiser, who was then portfolio manager of multiple mutual funds at Unified Management Corporation, based in Indianapolis, Indiana.
Mr. Kaiser founded Saturna Capital in 1989 after selling his controlling interest in Unified Management Corporation.
He holds a BA in Asian Studies from Hamilton College, Clinton, NY, and attended the Chinese University of Hong Kong and the Mandarin Training Center, Taipei, Taiwan.