Amana Developing World Fund Institutional Class
AMIDX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bellingham, WA 98225 Bellingham WA United States of America 98225
- IPO Date
- Sep 25, 2013
- CIK
- 0000766285
- Website
- saturna.com
- Similar Companies
- Business
- Amana Developing World Fund Institutional Class (AMIDX) is an open-end mutual fund that seeks long-term capital growth consistent with Islamic principles by investing at least 80% of its total net assets in common stocks of companies with significant exposure, defined as 50% or more of production assets or revenues, to developing or emerging markets. The fund emphasizes Sharia-compliant securities, avoiding industries such as alcohol, pork products, tobacco, gambling, pornography, conventional financial services, and excessive leverage, while focusing on sectors like technology, basic materials, consumer defensive, and healthcare; its portfolio typically includes holdings such as Taiwan Semiconductor Manufacturing Co Ltd, Jabil Inc, and Unilever ADR. It offers institutional shares with a minimum investment of $100,000, low turnover around 9%, and diversification across regions including emerging Asia, developed Asia, Latin America, and the United States. AMIDX operates as part of the Amana Mutual Funds Trust, managed by Saturna Capital Corporation, which was founded in 1989 and is headquartered at 1300 North State Street in Bellingham, Washington, with additional access to Islamic finance expertise through its office in Kuala Lumpur, Malaysia. The fund's institutional class launched on February 3, 1994, targeting institutional investors, retirement plans, and advisory firms seeking cost-effective, values-based exposure to diversified emerging markets. Saturna Capital, as the investment adviser, maintains an Above Average Parent rating from Morningstar, supported by strong stewardship, succession planning, and a track record in Islamic and sustainable investing across its Amana, Saturna Sustainable, Sextant, and other fund families. In recent developments, Saturna Capital announced portfolio management changes effective October 1, 2025, with William B. Jones IV, CFA, assuming a key role to ensure continuity and expertise. The firm released its Amana Funds Sustainability and Stewardship Report in February 2025, highlighting progress in portfolio company diversity, such as women comprising nearly half of entry-level roles in U.S. holdings, while addressing ongoing challenges like C-suite representation at 29%. Additionally, Saturna sponsored the Imam's Generational Scholarship Fund for the 2025–2026 academic year at Shenandoah University, reinforcing its commitment to Islamic education and community initiatives.