Dow Jones Islamic Fund Class K (IMANX) Research
This fund primarily invests in common shares and other equity-linked securities issued by companies both within the country and abroad. All chosen investments must adhere to Islamic (Sharia) guidelines, and the fund's advisor seeks out securities expected to rise in value over the long term. Under these Islamic principles, the fund explicitly avoids companies operating in sectors such as alcohol, pornography, or gambling. It also steers clear of interest-bearing debt instruments and businesses that primarily earn their income through interest.
Market snapshot
- Symbol
- IMANX
- Price
- $22.91
- Day change
- +1.91%
- Market cap
- $273.9M
- 52-week range
- 15.98-23.13
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- American Beacon ARK Disruptive Innovation Fund - Investor Class (ADNPX)
- ProFunds Biotechnology UltraSector Fund Investor Class (BIPIX)
- MAI Managed Volatility Fund Investor Class (DIVPX)
- MAI Managed Volatility Fund Institutional Shs (MAIPX)
- Matthews Asia Growth Instl (MIAPX)
- Matthews Emerging Markets Sust Fut Inst (MISFX)
- BlackRock MuniYield Quality Fund II, Inc. (MQT)
- BlackRock MuniHoldings Quality Fund II, Inc. (MUE)
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