Amana Income Fund Institutional Class
AMINX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Daniel Y. Kim
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bellingham, WA 98225 Los Angeles CA United States of America 90071
- IPO Date
- Sep 25, 2013
- CIK
- 0000766285
- Website
- capitalgroup.com
- Similar Companies
- Business
- Amana Income Fund Institutional Class (AMINX) is a mutual fund that seeks high current income with a secondary objective of capital preservation and growth, investing primarily in a diversified portfolio of common stocks with dividend-paying records and strong financial condition. The fund offers shares through its Institutional Class, characterized by a minimum investment threshold suitable for institutional investors, advisors, and high-net-worth individuals; it emphasizes Shariah-compliant investments by screening out companies involved in prohibited activities such as alcohol, pork, gambling, tobacco, pornography, conventional financial services, and defense/weapons industries, while also excluding those with excessive debt levels per Islamic principles. Managed by Saturna Capital Corporation, the fund operates globally with a focus on U.S. equities but includes international holdings across North America, Europe, and Asia. Established in 1986 and headquartered in Bellevue, Washington, the fund targets conservative income-oriented investors seeking ethical, dividend-focused equity exposure with lower volatility compared to broader market indices. Core holdings typically include established blue-chip companies in sectors like healthcare, consumer staples, industrials, and technology, such as Procter & Gamble, Johnson & Johnson, and Microsoft, selected for sustainable dividends, earnings growth, and alignment with Amana Funds' values-based criteria. The fund provides daily liquidity, professional portfolio management, and performance reporting, with an expense ratio reflecting active management and compliance oversight. In recent developments within the last two years, Amana Income Fund benefited from Saturna Capital's strategic enhancements, including expanded Shariah research capabilities and portfolio optimization amid market volatility; the firm launched complementary ESG-focused updates across its suite in 2024, reinforcing AMINX's appeal to ethical investors. No major acquisitions, funding rounds, or name changes occurred, but the fund adapted to rising interest rates by increasing allocations to resilient dividend payers, achieving competitive risk-adjusted returns. Saturna Capital continues to operate as an independent, employee-owned advisor with no parent company affiliations, maintaining its commitment to Islamic finance principles since inception.