Amana Mutual Funds Trust - Grow (AMAGX) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
ETF
Industry
Exchange-Traded Fund
Result
Pass
Reason
AMAGX is identified as an Islamic ETF based on its name/description.
Financial Ratios
Dividend Purification
Purification percentage: 0.00%.Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About Amana Mutual Funds Trust - Grow
The fund invests primarily in common stocks, including American Depositary Receipts and foreign stocks. Investment decisions are made in accordance with Islamic principles. Generally, Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is prohibited by Islamic principles.
Frequently Asked Questions
Is Amana Mutual Funds Trust - Grow (AMAGX) stock halal to invest in?
According to AAOIFI Shariah screening standards, Amana Mutual Funds Trust - Grow (AMAGX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Amana Mutual Funds Trust - Grow have any interest income?
Interest income data for Amana Mutual Funds Trust - Grow is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if AMAGX stock is Shariah-compliant?
AMAGX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Amana Mutual Funds Trust - Grow stock reviewed for Shariah compliance?
AMAGX is identified as an Islamic ETF based on its name/description.
Financial Ratios
Pass
Denominator: Market Capitalization
Dividend Purification
0.00%
Islamic ETFs are managed to exclude non-permissible income. Purification is handled at the fund level.
About Amana Mutual Funds Trust - Grow
The fund invests primarily in common stocks, including American Depositary Receipts and foreign stocks. Investment decisions are made in accordance with Islamic principles. Generally, Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is prohibited by Islamic principles.
NASETF
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on May 14, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Amana Mutual Funds Trust - Grow (AMAGX) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Interest income data for Amana Mutual Funds Trust - Grow is factored into the financial ratio screening under AAOIFI standards.
AMAGX is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Amana Mutual Funds Trust - Grow's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save AMAGX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Amana Mutual Funds Trust - Grow require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Amana Mutual Funds Trust - Grow's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Amana Mutual Funds Trust - Grow's compliance status?
You can save AMAGX to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Amana Mutual Funds Trust - Grow stock considered halal?
Dividends from Amana Mutual Funds Trust - Grow require purification. Approximately 0.00% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Amana Mutual Funds Trust - Grow shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
