Verified
Don't have to worry anymore
Been investing with them since 2018. The Growth fund has done well for me. I don't have to worry about whether my money is in something haram and the returns have been solid.
Naeem W.WA
23 found helpful
Amana Funds Amana Growth ETF
Halal Investing in Nova Scotia
The Amana Growth ETF (AMGR) is Saturna Capital's actively managed, Nasdaq-listed ETF version of the Amana Growth Fund strategy. Launched June 24, 2026, it holds a concentrated book of 31 large-cap growth stocks - domestic and foreign - selected for earnings and revenue growth and screened to Islamic principles, at a 0.61% expense ratio. Net assets were $7.87M at the 2026-10-19 fund page check, so it is still an early-stage fund.
Pros
- Cheaper route to the Amana Growth strategy than AMAGX's 0.86% Investor class
- Active management by Saturna, which has run the Amana funds since 1986
- Holds foreign leaders (TSMC, ASML) that US-only index halal ETFs exclude
- Daily holdings and fund documents published by the sponsor
Cons
- 0.61% is higher than every index halal ETF (MNZL 0.40%, SPUS 0.45%, HLAL 0.50%)
- Concentrated: 31 holdings, top five about 35% of assets at 10/19/2026
- Tiny and new: $7.87M in net assets and no track record before June 2026
- No third-party Shariah index - compliance rests on Saturna's process and Amanie's review
Actively managedNationwide
Updated October 2026
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Product Details
Type
ETF
Expense Ratio
0.61%
Min Investment
1 share on Nasdaq (fractional at supporting brokers)
Account Types
Individual, IRA, Roth IRA
Screening Method
Saturna Capital Islamic screens, reviewed by Amanie Advisors
Holdings
31
Amana Funds in Nova Scotia
Amana Funds's Amana Growth ETF is available to investors in Nova Scotia, structured as a Actively managed. The fund carries an expense ratio of 0.61%. Amana Funds operates nationwide, so Nova Scotia residents have full access to this product.
Shariah Compliance & Oversight
Shariah Board
Saturna Capital selects holdings under its own Islamic compliance policies, which are reviewed by Amanie Advisors Sdn Bhd (Amana ETFs prospectus).
Details
Reviewed by Amanie Advisors (independent Islamic finance consultant). Saturna screens: no interest-paying investments; excludes alcohol, pornography, insurance, gambling, pork processing and interest-based finance.
Last Verified
2026-10-19
Province Availability
Amana Funds serves every province
✓ Available nationwide including Nova Scotia
Start Investing - Amana Funds
Visit Amana Funds's website to get current terms, check eligibility for Nova Scotia, and get started today.
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User Reviews for Amana Funds
7 verified reviews
4.77 reviews
5★
5
4★
2
3★
0
2★
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1★
0
Verified
Even my non-Muslim advisor knows them
My financial advisor actually recommended Amana for the halal portion of my portfolio. The fact that even non-Muslim advisors know about them says a lot about their reputation.
Khadija M.NY
17 found helpfulBoring and effective
Simple review: I put money in, it grows, and I know it's halal. That's all I need. Been doing this for years with no complaints.
Ali F.IL
12 found helpfulHalal Investment Growth Estimate
See how your halal investments could grow over time
$10,000
$500/mo
8% annual
Total Value
$343,778
Contributed
$130,000
Growth
$213,778
Hypothetical projection. Past performance does not guarantee future results.
Compare FundsFrequently Asked Questions
What is Amana Funds Amana Growth ETF?
The Amana Growth ETF (AMGR) is Saturna Capital's actively managed, Nasdaq-listed ETF version of the Amana Growth Fund strategy. Launched June 24, 2026, it holds a concentrated book of 31 large-cap growth stocks - domestic and foreign - selected for earnings and revenue growth and screened to Islamic principles, at a 0.61% expense ratio. Net assets were $7.87M at the 2026-10-19 fund page check, so it is still an early-stage fund.
What Shariah oversight does Amana Funds Amana Growth ETF have?
Reviewed by Amanie Advisors (independent Islamic finance consultant).
Saturna screens: no interest-paying investments; excludes alcohol, pornography, insurance, gambling, pork processing and interest-based finance.
Is Amana Funds Amana Growth ETF available in Nova Scotia?
Yes. Amana Funds Amana Growth ETF is available nationwide, including Nova Scotia. You can apply directly through the provider's website.
What Shariah oversight does Amana Funds have?
Amana Funds's Shariah compliance is overseen by: Saturna Capital selects holdings under its own Islamic compliance policies, which are reviewed by Amanie Advisors Sdn Bhd (Amana ETFs prospectus).. Reviewed by Amanie Advisors (independent Islamic finance consultant).
Saturna screens: no interest-paying investments; excludes alcohol, pornography, insurance, gambling, pork processing and interest-based finance..
What financing structure does Amana Funds Amana Growth ETF use?
Amana Funds Amana Growth ETF uses a Actively managed structure. This is a Shariah-compliant financing arrangement that avoids interest (riba).
How do I apply for Amana Funds Amana Growth ETF in Nova Scotia?
You can apply for Amana Funds Amana Growth ETF directly through the provider's website. Visit their official site to start your application, check current requirements, and get personalized information for Nova Scotia residents.
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Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-10-08•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.
Reviewed monthly and updated when product availability or terms change.
RM
Robert Mallon
Co-Founder, HalalWallet
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.