The fund's 2000 inception catered to the needs of Muslim investors, who not only want to have a financially rewarding investment, but a Shariah compatible one as well.
[1] The Iman Fund is offered by Allied Asset Advisers, a subsidiary of the North American Islamic Trust (NAIT).
The Fund invests at least 80% of its net assets in domestic and foreign securities included in the Dow Jones Islamic Indexes, as well as up to 20% of its net assets in securities chosen by the Fund's Investment Adviser that meet Islamic principles.
The indexes are advised by a Shariah Supervisory Board of six prominent Islamic scholars from six countries.
In selection of stocks, the Fund adheres to the criteria developed by the Shariah Supervisory Board of the Dow Jones Islamic Index composed of internationally renowned scholars.