The fund seeks capital appreciation by investing in companies across any size in the United States.
The investment process is designed to highlight companies in the benchmark index that adhere to Islamic principles.
The investment team believes the prices of these companies will increase over the long term.
Then the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
The team focuses on factors such as a company’s anticipated value, history of earnings growth, and possible turn around, among other things.
Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.
The manager will not invest in businesses involved in alcohol, pornography and gambling and avoid investments in interest bearing debt obligations or businesses that derive interest income as their primary source of income.
The manager holds any uninvested cash in non-interest bearing deposits or invested in a manner following Islamic principles.
The fund may invest in growth or value stocks, but a majority of its investments will be of the growth type.
