Iman Fund Class K (IMANX)

Overview

The described fund operates as an investment entity that aligns its investment practices strictly with Islamic principles. This approach means that the fund selectively invests in common stocks and equity-related securities both domestically and internationally, targeting companies expected to show long-term growth in value. Central to its investment strategy is adherence to Islamic financial guidelines, which inherently excludes any investment in businesses involved in activities such as alcohol production, pornography, gambling, or those primarily engaged in earning interest income — reflecting prohibitions against usury and investments in morally compromising industries. This unique investment perspective aims not only at financial gain but also at ensuring that all investments comply with ethical and religious criteria valued by investors seeking to adhere to Islamic teachings.

Products and Services

The fund's offerings are characterized by a commitment to Islamic investment principles, shaping a distinctive portfolio of products and services:

• Common Stocks: Investment in shares of companies that operate in accordance with Islamic principles, avoiding sectors like alcohol, pornography, and gambling, as well as businesses heavily involved in interest-based operations. These stocks are selected based on their potential for long-term value increase.
• Equity-Related Securities: Besides direct stocks, the fund invests in other equity-related securities that comply with Islamic guidelines. These can include but are not limited to, financial instruments like preferred stocks (without fixed interest dividends), convertible securities, and equity warrants, providing a broader avenue for growth while remaining within Shariah-compliant sectors.