Islamic investing is quickly becoming very popular worldwide. Muslims represent an underserved market that has only recently been recognized. Over 7 million Muslims live in the US, half of which make $50,000 according to a recent survey by Zogby's - well above the national average - and they want investment alternatives that meet their needs. The Iman Fund offers such an opportunity for investors because it integrates the ethical principles of Islam with equity investing.
At the center of Islamic investing is the religion itself: Islam. With nearly 1.2 billion followers, Islam is the world's second-largest religion. Its practitioners are scattered across the globe (only about 20% of Muslims are Arab), and Islam's recent growth has been in the West (Europe and the United States). Through the divine revelation of the Quran to Prophet Muhammad 1424 years ago, people have been called to a strict monotheism and upright social conduct in all spheres of life. More ...
Mutual Fund investing involves risk; principal loss is possible. The Fund invests in foreign securities which involve greater volatility and political, economic, and currency risks and differences in accounting methods. It is possible that the Islamic Shari'ah restrictions placed on investments and reflected in the main investment strategies may result in the Fund not performing as well as mutual funds not subject to such restrictions.