Dow Jones Islamic Fund Class K
IMANX
NASDAQ- -
USD
- -
- -
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
- 721 Enterprise Drive Oak Brook IL United States of America 60523
- IPO Date
- Jun 30, 2000
- CIK
- 0001105877
- Website
- alliedassetadvisors.com
- Similar Companies
- Business
- Dow Jones Islamic Fund Class K (IMANX) is an open-end mutual fund that seeks long-term capital growth in accordance with Islamic principles by investing primarily in common stocks and equity-related securities of domestic and foreign issuers screened for Shariah compliance; these include American Depositary Receipts (ADRs), convertible securities, investments in partnerships and joint ventures, and real estate investment trusts, with a focus on companies meeting criteria that preclude businesses such as alcohol, pork, gambling, tobacco, pornography, weaponry, and excessive debt or interest-based activities. The fund targets large-growth style equities, with top holdings typically in technology (such as Microsoft Corp., Apple Inc., NVIDIA Corp.), health care, industrials, energy, and materials sectors; as of late 2024, its portfolio featured approximately 109 holdings, with the top 10 comprising around 39% of assets and total net assets exceeding $197 million. Allied Asset Advisors, Inc., an SEC-registered investment adviser founded in 2000 and headquartered at 8925 S. Kostner Avenue, Hometown, IL 60456, serves as the investment adviser, with Dr. Bassam Osman acting as portfolio manager since the fund's inception on June 30, 2000; the fund operates primarily in the United States market for investors seeking halal options, including individuals, families, nonprofits, mosques, endowments, and institutions, and is distributed by Quasar Distributors, LLC. The fund maintains a turnover rate of about 72%, an adjusted expense ratio of 1.35%, and a minimum initial investment of $250, with no front-end or deferred loads, though it emphasizes risks from foreign securities, currency fluctuations, and Shariah restrictions potentially impacting performance relative to non-compliant peers. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the fund or its adviser in the last 1-2 years as of December 2025; it continues steady operations aligned with the Dow Jones Islamic Market Index, focusing on disciplined stock selection and ongoing monitoring without recent product launches, reorganizations, or expansions.