The Amana Growth Fund was established in 1994 and is the largest Shariah compliant fund managed by Saturna Capital, the investment adviser and administrator of the Amana Mutual Funds Trust ($3.5 billion in assets). Saturna Capital follows guidelines set by the Fiqh Council of North America (FCNA) to make sure that investments meet the requirements of the Islamic faith.
“At Saturna, we follow a principled and disciplined investment management process,” said Nick Kaiser, portfolio manager of Amana Growth Fund. “We are honored to have been chosen by our international peers to receive this esteemed award recognizing our commitment to putting share owner interests first.”
Dr. Mirza is well-known in the Muslim community as the President and CEO of Sterling Management Group (SMG) in Herndon, Virginia, which provides accounting and financial services to IIIT. He is also the author of Five Pillars of Prosperity: Essentials of Faith-Based Wealth Building (White Cloud Press, 2014).
In addition to being the Chairman, Board of Trustees of the Amana Mutual Funds, Bellingham, Washington, Dr. Mirza is a member of the Board of Directors, University Islamic Financial Corporation in Ann Arbor, Michigan; the Board of Trustees, George Mason University Foundation, Inc., Fairfax, Virginia; Board of Advisors, College of Humanities and Social Sciences, George Mason University, Fairfax, Virginia; Board of Advisors, Byrd School of Business, Shenandoah University, Winchester, Virginia, and Board’s Investment and Endowment Committee, Shenandoah University, Winchester, Virginia.
The GIFA 2015 ceremony presented more than 35 awards and bestowed its most prestigious award, the Global Islamic Finance Leadership Award, upon the HRH Muhammadu Sanusi II, Emir of Kano, Nigeria, the guest of honor. Emir Sanusi stressed the significance for Islamic banking and finance to be socially responsible and relevant to the needs of not only Muslims but the larger global community. In addition to Islamic finance and banking pioneers from around the world, Ambassadors of the UK, Malaysia, and Pakistan to Bahrain also graced the occasion.
The International Institute of Islamic Thought wishes continued success for Amana Growth Fund and the entire Amana Mutual Fund Trust. The American Muslim community is indebted to the contributions of Dr. Yaqub Mirza and Amana Mutual Funds for providing halal investment opportunities. May Allah, subhanahu wa ta’ala, reward you for your dedicated service!