the Iman Fund



(Symbol: IMANX)

Investing with Values
 
Contact Us: 877-417-6161
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Coverdell Education Savings Account


The Coverdell Education Savings Account is a tax-deferred education saving plan for primary, secondary or higher education expenses. Withdrawals are federal tax-free when used for qualified education expenses. An adult setting up this account may transfer ownership to the child at age 18. Please note that the Annual Contribution Limit in 2008, is $2,000.

The Fund does not offer tax advice. Please contact your tax advisor to determine how current tax laws may affect your specific situation.

To Open a Coverdell Education Savings Account (New, Transfer, Rollover):

  • Step 1: Read the Prospectus
  • Step 2: Complete Coverdell Education application; click here for a copy.
  • Step 3: Enclose check made payable to The Iman Fund with a signed application in envelope and mail.

To Set-Up an Automatic Monthly Investment Plan (IRA or Purchase application):

  • Step 1: Read the Prospectus
  • Step 2: On the application, fill in bank name, account number, routing number, and amount.
  • Step 3: Provide a voided check or deposit slip from your bank.
  • Step 4: Enclose voided check or deposit slip with remaining materials in envelope and mail.

 

Since a periodic investment plan involves continuous investment in securities regardless of fluctuating price levels of such securities, the investor should consider his/her financial ability to continue purchases through periods of low price levels. Such a plan does not assure a profit and does not protect against a loss in declining markets.

*Note: You have the option of adding automatic investment plan to your account later on as well.

Account Type Regular Account IRA /Transfer IRA Coverdell Education Savings Account Automatic Monthly Investment
Minimum Investment $250 $100 $100 $50
Maximum Annual Amount NA $5000 $2000 NA

 

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Mutual fund investing involves risk; principal loss is possible.

 the Iman Fund is distributed by Quasar Distributors, LLC. Allied Asset Advisors is the registered investment advisor of the Fund.
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