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Amana Mutual Funds Trust (Ticker symbols: AMANX, AMAGX, and AMDWX), headquartered in Bellingham, Washington, is a mutual fund company offering investment products consistent with Islamic banking principles.
In Musharaka business transactions, Islamic banks may lend their money to companies by issuing "floating rate interest" loans, where the floating rate is pegged to the company's individual rate of return, so that the bank's profit on the loan is equal to a certain percentage of the company's profits.
The first Islamic insurance (or takaful) company – the Islamic Insurance Company of Sudan – was established in 1979. [65] The Amana Income Fund, [ 74 ] the world's first Islamic mutual fund (which invests only in Sharia-compliant equities), was created in 1986 in Indiana.
Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.
A New York City food truck worker who was racially abused and threatened by a former Obama administration official says he is “terrified” of reprisals.. Mohamed Hussein, 24, told The ...
Amana Takaful PLC, doing business as Amana Takaful Insurance, is a Sri Lankan insurance company which follows the principles of Islam and it is listed in the Colombo Stock Exchange. It provides services ranging from life insurance and different types of general insurance solutions such as motor vehicle insurance , health insurance , theft and ...
The Muslim Consumer Group (MCG) is a U.S. non-profit organization founded in November 1993 by Syed Rasheeduddin Ahmed, based in Rolling Meadows, Illinois.Its goal was to educate Muslims about Halal foods and perform Halal certification, which was not done by any other organization in the United States at that time.
In Hong Kong, he launched the Precious Trading Company in 1954. Later, his very special brainchild, the Amana Group of Hong Kong, was established. It was under its banner that the multi-national company ETA-Ascon came into existence. BSA Rahman is credited as a production facilitator in MGR Pictures' Ulagam Sutrum Valiban for a film shoot in ...