About IMANX
Iman Fund Class K is a mutual fund focused on providing capital growth through investments that adhere strictly to Islamic (Shari’ah) principles. Managed by Allied Asset Advisors since its inception in 2000, the fund invests primarily in common stocks and equity-related securities of both U.S. and international companies whose business activities comply with Islamic guidelines. This means it avoids companies involved in alcohol, gambling, pornography, and interest-based financial services, as well as any firms that derive their primary income from interest-bearing instruments.
The fund’s portfolio often features large-cap, growth-oriented companies, with substantial allocations to technology, communication services, and energy sectors. Its holdings include prominent names like Apple, Microsoft, NVIDIA, and Alphabet, reflecting a focus on innovation and long-term earnings growth. Diversification is a key aspect, with the fund typically holding over 100 shari’ah-compliant equities to balance risk. Iman Fund Class K plays a unique role in the financial market by offering investors exposure to major growth sectors while maintaining religious and ethical compliance standards, making it a prominent choice for those seeking both growth potential and adherence to Islamic finance principles.
Fund Family Allied Asset
Category Large Growth
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol IMANX
Share Class Class K
Index Index is not available on Lipper Database
IMANX had a total return of 26.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.95%.
