A SEP is much like a traditional IRA in that the contributions are tax-deductible, and investments grow tax-deferred. Tax deferred means that tax is collected when a distribution, which is considered income, is withdrawn in retirement.
A SEP is primarily designed to encourage small businesses to offer retirement savings programs that they may not have offered otherwise. Sole proprietors, small businesses and partnerships, C Corporations and S Corporations can establish SEP retirement investment account for themselves and/or for their employees.
Self-employed people can also open up this type of account to invest for their own retirement.
A SEP is similar to a traditional IRA with some additional perks, such as the ability to receive employer contributions into the account. In a SEP, employees own and control their own accounts.
As of 2021 IRS rules, an individual is an eligible employee if they:
An owner/employer can also be an employee and must meet the same eligibility requirements for SEP.
While the IRS allows employers to exercise certain restrictions in the eligibility criteria for their specific SEP IRA plans, it doesn’t allow them to be more restrictive than the IRS rules.
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