Amana Income Fund turns 25, is second largest US Islamic equity mutual fund
Saturna Capital Corporation fullfills 25 years of Amana Income Fund, that has now reached $1.3 billion. The sister fund Amana Growth is the largest such fund at $1.9 billion in assets and is also managed by Saturna.
Amana Income's 25-year run is rare in the US mutual fund industry.
The Amana Income Fund has been given three Lipper Best Fund Awards: for the three-year period ended 31 December 2006, among 180 equity income funds; and for the three-year and five-year periods ended 31 December 2007, among 198 and 135 equity income funds.
The Fund has also welcomed five Failaka Islamic Fund awards in various categories over the past few years: three Best US Islamic Fund awards in 2008 (sweeping the one-, three- and five-year periods); Best Global Equity Fund in 2009 (for the three-year period); and Best Global Equity Fund again in 2010 (for the five-year period).
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