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Investing comparison

Amana Funds vs global growth assets

Amana Funds and global growth assets both offer investing. This page lines up 18 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Nov 2026

At a glance

  • Both are available in all of Canada.
  • Amana Funds uses Actively managed; global growth assets uses Mutual Funds.
  • Shariah oversight: Amana Funds discloses Third-Party Certified; global growth assets discloses Named Scholar.
  • HalalWallet Index: Amana Funds is not yet graded; global growth assets holds a B-.
  • On measurable rows, Amana Funds has the better listed value on 1 and global growth assets on 0.
  • They differ on 10 of the 18 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Amana Funds vs global growth assets: the full side-by-side

18 data points from each provider's published materials, lined up row by row. They differ on 10.

Amana Funds - halal finance provider logo

Amana Funds

Not graded yet
Pays us: No. Amana Funds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
global growth assets - halal finance provider logo

global growth assets

B-
Pays us: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

18 of 18 rows

Availability

  • Provinces covered

    Same
    Amana Funds: All of Canada
    global growth assets: All of Canada
Costs

  • Expense ratio

    Amana Funds: 0.76% (Amana Equity Income ETF) · 0.61% (Amana Growth ETF) · 0.91% (Amana Developing World ETF)
    global growth assets: 2.79% MER

  • Management fee

    Amana Funds: Not listed
    global growth assets: 2.45%

  • Minimum investment

    Amana Funds: 1 share on Nasdaq (fractional at supporting brokers) Edge
    global growth assets: $500 initial / $25 subsequent
Shariah

  • Structure

    Amana Funds: Actively managed
    global growth assets: Mutual Funds

  • Shariah oversight

    Amana Funds: Third-Party Certified
    global growth assets: Named Scholar

  • Shariah board / scholar

    Amana Funds: third_party_certified
    global growth assets: Named Scholar

  • Published fatwa / certificate

    Same
    Amana Funds: No
    global growth assets: No

  • Screening standard

    Amana Funds: Saturna Capital Islamic screens, reviewed by Amanie Advisors
    global growth assets: Dow Jones Islamic Market Titans 100 screens (Ratings Intelligence) plus local IFAB review
Products

  • Products listed

    Amana Funds: Amana Equity Income ETF, Amana Growth ETF, Amana Developing World ETF
    global growth assets: Global Iman Fund

  • Best for

    Amana Funds: Not listed
    global growth assets: Canadian mutual fund investors who prioritize a long track record and named, annually renewed Shariah oversight over cost - and who accept a concentrated mega-cap tech tilt and the absence of published purification data.

  • Product types

    Amana Funds: ETF
    global growth assets: Mutual Fund

  • Tickers

    Amana Funds: AMEI, AMGR, AMEM
    global growth assets: Not listed

  • Holdings

    Amana Funds: 28 (Amana Equity Income ETF) · 30 (Amana Growth ETF)
    global growth assets: 23

  • Account types

    Amana Funds: Individual, IRA, Roth IRA
    global growth assets: Not listed

  • Focus

    Amana Funds: Global Dividend Equity (active) (Amana Equity Income ETF) · Global Large Growth (active) (Amana Growth ETF) · Emerging Markets (active) (Amana Developing World ETF)
    global growth assets: Not listed
Track record

  • HalalWallet Index grade

    Amana Funds: Not listed
    global growth assets: B-

  • Assets under management

    Amana Funds: $6.21M (2026-11-12) (Amana Equity Income ETF) · $9.65M (2026-11-12) (Amana Growth ETF) · $5.84M (2026-11-12) (Amana Developing World ETF)
    global growth assets: $244M

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Amana Funds

  • The only US halal ETF built around dividend income - no index halal ETF targets this
  • Cheaper than the Amana Income Fund's 1.01% Investor class
  • Cash held in murabaha and wakala rather than interest-bearing instruments
  • Saturna's income strategy dates to 1986
  • Cheaper route to the Amana Growth strategy than AMAGX's 0.86% Investor class
  • 0.76% expense ratio is well above index halal ETFs (0.40%-0.55%)
  • Concentrated: 28 holdings at 11/12/2026; two positions above 10% each at 10/19/2026
  • Tiny and new: $6.21M in net assets and no track record before June 2026
  • Dividend-focused portfolios carry more residual purification than growth funds
  • 0.61% is higher than every index halal ETF (MNZL 0.40%, SPUS 0.45%, HLAL 0.50%)

global growth assets

  • Disclosed Shari'ah oversight: two named advisory boards and a fatwa renewed June 17, 2026
  • 17-year track record - Series A running since March 2009, with 10-year annualized returns of 14.75% to April 2026
  • Low $500 minimum, $25 subsequent - accessible in mutual fund format with PACs
  • Available across all 10 provinces through ~30 dealers and all major registered plans (RRSP/TFSA/RESP/RRIF/LIRA/LIF)
  • FundGrade A+ award winner six consecutive years
  • Expensive: 2.79% MER (2.45% management fee) versus roughly 0.5% for halal ETFs like WSHR
  • Concentrated: 23 holdings with 66% in the top 10, and 44% in information technology
  • No published purification data - investors cannot compute dividend purification from public documents
  • The fatwa is published only as a scanned document, and parts of the site carry stale marketing content

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

Amana Funds (3)

  • Amana Equity Income ETF · AMEI
  • Amana Growth ETF · AMGR
  • Amana Developing World ETF · AMEM

global growth assets (1)

  • Global Iman Fund
Amana Funds - halal finance provider logo

Amana Funds

Pays HalalWallet: No. Amana Funds pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Amana Funds Full review
global growth assets - halal finance provider logo

global growth assets

Pays HalalWallet: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit global growth assets Full review

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How do Amana Funds and global growth assets compare for investing?

Amana Funds and global growth assets both offer investing. This page lines up 18 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all of Canada.
  • Amana Funds uses Actively managed; global growth assets uses Mutual Funds.
  • Shariah oversight: Amana Funds discloses Third-Party Certified; global growth assets discloses Named Scholar.

Source: HalalWallet (halalwallet.ca)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-11-13

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Amana Funds vs global growth assets”, https://www.halalwallet.ca/compare/amana-funds-vs-global-growth-assets, retrieved 2026-11-14).

For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.

What HalalWallet is and is not

Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.

What we do

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

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