Amana Mutual Funds Trust (Ticker symbols: AMANX, AMAGX, and AMDWX), headquartered in Bellingham, Washington, is a mutual fund company offering investment products consistent with Islamic banking principles. Founding principles The Amana Income Fund, founded by Unified Management Corporation, Indianapolis, IN, in 1986, was the Trust's first fund. The Amana Growth Fund was created in 1994. The Amana Developing World Fund was created in 2009. All three funds are managed according to Islamic principles. Traditional mutual funds are off-limits to Muslims, because they typically contain securities that are forbidden by sharia law. Accordingly, the Amana Funds are managed under strict guidelines to comply with Islamic principles. Examples of forbidden (haram) investments are companies that: Produce or sell alcohol, tobacco or pornography Process or sell pork products Generate revenue from gambling or interest (riba) Maintain a debt ratio of greater than one-third of assets The funds were created and are still managed under the value investment style. Nicholas Kaiser has been portfolio manager of the funds since 1990. Scott Klimo is the deputy portfolio manager of the funds. The Amana Funds are unique in that they were specifically conceived to meet the needs of Muslim investors. One of the reasons Muslims are motivated to save and invest is to make financial preparations necessary to make the Hajj, a sacred form of a self-presentation before God (Allah in Arabic) that is considered within Islam to be one of life's primary duties. In order to make the Hajj, a Muslim must first get his financial house in order, which presents special challenges if the money is to be invested in compliance Shari'ah-oriented financial principles. According to Amana's founding chairman Dr. M. Yaqub Mirza, In order to make the Hajj, Muslims must first pay off their debts, including the zakat due on their wealth; to return whatever was given them in trust; and have enough savings to bear the expenses of the journey (such as travel, Hajj tax, and lodging) and the sacrifice (of an animal). Besides this, they also have to provide for their families and dependents during their absence. They must have earned and saved enough to cover these expenses. No Hajj is valid if it is performed "on credit." Performance Performance of the Amana Funds is best evaluated by consulting a variety of sources. The ticker symbols for the funds are: The Amana Income Fund: AMANX (Inception: June 23, 1986) The Amana