14 Jan 09 Islamic Mutual Funds - An Overview

I’ve conducted some very brief searches.  Below is a list of Islamic funds.  I have no knowledge of their performance or ethical practices. I will soon assess each fund in greater detail and compare it to market indexes and sharia compliance, though all of them are available through most major brokerages. For now, one thing to note is that there does not appear to be many types of funds like these to begin with. The only funds in this group that have received five star ratings from Morningstar are the Amana Funds. This should not be construed as an endorsement or positive outlook for future performance, as much more research needs to be conducted on these funds. The following is a brief summary of each. (more…)

Tags: amana funds, azzad funds, iman fund, Islamic Finance, islamic funds, morningstar