Purification can be accomplished by donating any small income earned from any impermissible business activities of companies that may have passed shari’ah compliance hurdles, despite halal business and financial screens.
A technology firm might have earned income in an interest-bearing bank account, a large business may have sold alcohol as a secondary item, or impermissible entertainment activity may have inadvertently been sponsored or offered by a hospitality company. Although these activities are small, we advise you donate those earnings without receiving direct or indirect tax benefits, recognition, gifts or any other reward in return.
Although Iman Fund follows strict shariah guidelines, we strongly advise investors to purify their investment income as an extra layer of compliance.
Note, these earnings are not permissable to be given away as zakat. Zakat, if you meet the necessary criteria of wealth, requires you to make a charitable contribution to the needy.
Allied Asset Advisors does not provide tax advice. Please discuss the tax impact of purification with your tax advisor.
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.
Past performance is not indicative of future results.
Diversification does not assure a profit or protect against a loss in a declining market.
The Fund is not available for sale to investors residing outside the United States.
The prospectus contains more complete information, including risks, fees, and expenses related to an ongoing investment in the Fund. You may also receive the prospectus or summary prospectus by calling (877) 417-6161. Please read the prospectus carefully before you invest or send money.
While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.
Allied Asset Advisors, LLC, an SEC registered investment advisor, is advisor to Iman Fund.
Iman Fund is distributed by Quasar Distributors, LLC.
The Iman FundAllied Asset Advisors, Inc.8925 S. Kostner AvenueHometown, IL 60456
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Call: (877) 417-6161 Office: (630) 789-0453 Fax: (630) 789-9455