The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

(Tina Meador) #1
for more information: http://www2.standardandpoors.com/spf/pdf/index/
Shariah_factsheet.pdf?vregion=us&vlang=en.


  1. Amana Mutual Funds Trust is designed to provide investment alternatives that
    are consistent with Islamic principles. Generally, Islamic principles require that
    investors share in profit and loss, that they receive no usury or interest, and that
    they do not invest in a business that is not permitted by Islamic principles. Some
    of the businesses not permitted are liquor, wine, casinos, pornography, insur-
    ance, gambling, pork processing, and interest-based banks or finance associa-
    tions. The Funds do not make any investments that pay interest. In accordance
    with Islamic principles, the Funds shall not purchase bonds, debentures, or
    other interest paying obligations of indebtedness. See the Web site for further
    information: http://www.amanafunds.com/amanx.html.


370 THE ART OF ISLAMIC BANKING AND FINANCE

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