Allied Asset Advisors, Inc.
The Board of Trustees of the Iman Fund has engaged Allied Asset Advisors, Inc. ("AAA" or the "Advisor") as the Fund's investment advisor. Subject to the general supervision of the Board, AAA is responsible for the day-to-day investment decisions of the Fund in accordance with the Fund's declared investment objective and policies.
In exchange for these services, AAA receives an annual management fee, which is calculated daily and paid monthly, according to the average daily net assets of the Fund. See the Prospectus and SAI for its details.
The Allied Asset Advisors, Inc. is located at 745 McClintock Drive, Suite 314, Burr Ridge, Illinois 60527. AAA, a Delaware corporation, is a subsidiary of the North American Islamic Trust, Inc. (NAIT) and was formed in 2000 to manage the Fund. NAIT has managed the investment of endowment assets for a quarter of a century. NAIT develops Islamic financial products that address the investment and financial needs of Muslim organizations, individuals and their businesses within the boundaries of the Shariah. Over the last two decades, NAIT has established and sponsored mutual funds that invest in companies that meet the universal ethical principles of Islam. NAIT personnel work hand in hand with the Fund to accomplish the Funds goals and objectives.
NAIT- The North American Islamic Trust - www.nait.net
Committed to Building the Muslim Community
The North American Islamic Trust (NAIT) is a Waqf, the historical Islamic equivalent of an American Trust/Endowment, serving Muslims in the United States and their institutions since 1973. NAIT facilitates the realization of American Muslims' desire for a virtuous and happy life in a Shari'ah-compliant way.
NAIT develops financial vehicles and products that are compatible with both the Shariah (Islamic law) and the American law, holds titles to Mosques, Islamic centers, schools and other real estate to safeguard and pool the American Muslim community's assets, facilitates and coordinates community projects, and publishes and distributes credible Islamic literature.
NAIT is a non-profit entity that qualifies as a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. NAIT was established in 1973 in Indiana by the Muslim Students Association of U.S. and Canada (MSA), the predecessor of the Islamic Society of North America (ISNA). NAIT supports and provides services to ISNA, MSA, their affiliates, and other Islamic centers and institutions. The President of ISNA is also a member of the Board of Trustees of NAIT.
NAIT VISION: A righteous and thriving American Muslim Community with sound and expanding economic, financial, knowledge, human and Waqf resources and institutions.
NAIT Board of Trustees:
- Dr. Muzammil Siddiqui.
- Dr. Ingrid Mattson (ISNA President),
- Dr. Bassam Osman,
- Muhammad Farooq-i-Azam Malik,
- Dr. Gaddoor Saidi,
- Mohammed Sarodi,
- Dr. Mujeeb Cheema (Executive Director).
For more information on NAIT, go to www.nait.net
Click here for an overview of the NAIT Board of Trustees.
Fund's Service Providers:
Following are the service providers of the Iman Fund:
- Administrator, Transfer Agent, Accountant - US Bancorp Fund Services, LLC.
- Custodian - US Bank, N.A.
- Distributor - Quasar Distributors, LLC.
- Auditors - Cohen Fund Audit Services, Ltd
- Legal Counsel - Bell, Boyd & Lloyd, LLC.
