News Digest in Islamic Finance November 2019

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 …

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Profile of Islamic Finance Scholar: Nothing Ventured, Nothing Gained

Renowned Malaysian shariah scholar Datuk Dr Mohd Daud Bakar started a shariah consultancy in 2005, just before the surge in demand for such services. He travelled the world, setting up offices (sometimes too early for a particular market, so he had to close them), meeting people and making contacts. His company, Amanie Advisors Sdn Bhd, …

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