Understanding a
Regular Investment Account

A regular account (non-retirement) serves individual investors and families, family trusts, schools, mosques, foundations, endowments, businesses and other organizations.

There are many types of investment accounts and a variety of investment strategies available depending upon your overall goals. Opening a regular investment account with us is simple and one of the most common ways to get started investing. This account allows you to make an unlimited number and amount of contributions as well as withdrawals, as needed.

Eligibility Criteria for Individuals

An individual must
  • Be 18 years of age or older, and
  • Have a social security number or a tax ID

Types of Regular Investment Accounts

AAA offers several types of regular investment accounts. Each of them can hold securities such as stocks, bonds, or mutual funds. Different accounts include:

Individual Account

A taxable investment account owned by a single individual, it is transferred to the estate upon the individual’s death.

Joint Account

A taxable investment account owned by two or more people where the account holders have equal access to the money and share equal responsibility for fees and charges. 

Custodial Account – Gift to Minor

This account is in the name of the minor child. To benefit the minor child, parents, relatives, or friends can establish a custodial account. The account is managed by the adult custodian until the beneficiary minor is of age. Earnings are taxed at a “kiddie tax” rate up to a certain amount.

Corporate Account

Businesses and corporations use these accounts to hold savings. The money can be used to invest, save, use for everyday banking, etc.

LLC Account

An LLC account allows individuals to pool their money together for the purpose of investing, and each individual reports their own earnings for tax purposes. 

Trust Account

In a trust account, funds or assets are held by a trustee, which is a third party, for the benefit of another party. Ownership of the assets must be transferred to the trust. The trustee is responsible for the annual tax returns.

Let Us Manage Your Institutional Portfolio

With 20+ years of advisory experience and an investment philosophy of depth and breadth, the Allied Asset Advisors team has created a five-step process to ensure we deliver the potential to achieve an optimal portfolio outcome.


Endowments: Financial Sustainability for Nonprofits

Creating a halal endowment may be an important strategy to grow your nonprofit’s assets for the future. It also sends a strong message to your stakeholders, especially donors, that your nonprofit thinks long-term and utilizes creative ways to generate and sustain revenues to achieve its mission. 

Our experts can work with you to determine if an endowment would be the right strategy for your nonprofit’s revenue goals and the best ways to establish and manage it.

Ready to open an account?

To open a separately managed account, please call us at 877-417-6161.

There are three ways you can open an account and invest in Iman Fund.

1. Directly with us by mail, see the applications below.

2. Online with one of our broker partners.

3. Through your financial advisor.

Frequently Asked Questions

Yes. Iman Fund invests according to Islamic ethical principles that are beneficial for society as a whole and not just for Muslims. Anyone can invest in it regardless of faith or religion. If you believe in living an ethical lifestyle, then a halal investment vehicle like Iman Fund may be a great choice for you and your family.

Iman Fund is an open-end fund, which enables quick and hassle-free withdrawal of funds. It usually takes one to two business days to process withdrawal requests. However, please be aware that depending upon the type of account you have chosen, there may be federal penalties and taxes for early withdrawal from certain accounts such as different types of retirement accounts.