![](https://amanieadvisors.com/v4/wp-content/uploads/2019/12/saturna-capital-sukuk.jpeg)
Sukuk-Focused Amana Participation Fund Attracts $100 Million in Assets
“Saturna Capital Corporation (Saturna), adviser to the Amana Mutual Funds, announced that the Amana Participation Fund (AMAPX, AMIPX), which invests primarily in income-producing securities called sukuk, has surpassed a milestone $100 million in assets. To ensure the Amana Funds’ investments meet the requirements of the Islamic faith, Saturna Capital engages Amanie Advisors Sdn Bhd, a leading consultant specializing in Islamic finance.”
![](https://amanieadvisors.com/v4/wp-content/uploads/2019/12/DIEDC.jpg)
DIEDC, accounting body sign MoU to collaborate on Islamic finance
“Dubai Islamic Economy Development Centre (DIEDC) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have signed a memorandum of understanding (MoU) to explore the latest developments, risks and challenges in Islamic finance. Under the agreement, the two parties aim to conduct joint capacity-building programmes related to the Accounting and Auditing Organization for Islamic Financial Institutions standards in various jurisdictions, especially in markets new to Islamic banking and finance.”