Allied Asset Advisors Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
SEC-registered investment advisor wholly owned by the North American Islamic Trust (NAIT), managing the Iman Fund (IMANX) since 2000 plus separately managed halal accounts for institutions and nonprofits.
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Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Allied Asset Advisors - At a Glance
1
Products Reviewed
50
States Served
1
Category
2000
Founded
Shariah Compliance Review
Oversight Level
Third-Party Certified - externally verified for compliance
AAOIFI-standard screening with IdealRatings certification per the advisor's site; supervising scholars not individually named. Advisor is wholly owned by the North American Islamic Trust (NAIT).
Shariah compliance should always be verified directly with Allied Asset Advisors. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
Bottom Line
Review the products listed above and compare Allied Asset Advisors with other providers. Confirm terms and Shariah documentation directly with Allied Asset Advisors.
Products from Allied Asset Advisors
Allied Asset Advisors
Iman Fund (IMANX)
Actively managed, no-load Islamic mutual fund seeking long-term capital growth while adhering to Islamic principles, managed since its 2000 inception by Dr. Bassam Osman of Allied Asset Advisors, Inc., a wholly owned subsidiary of the North American Islamic Trust (NAIT), the 501(c)(3) waqf institution established in 1973. The fund invests in US-listed domestic and foreign equities that pass Islamic screening, holds uninvested cash in non-interest-bearing deposits, and benchmarks against the Dow Jones Islamic Market World Index. Alongside Amana, Azzad, and Wahed, it is one of the longest-running halal mutual funds in America, and it is purchasable directly or through major brokerages including Schwab, Fidelity, Vanguard, and E-Trade.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Where Available
Based on listings we track, Allied Asset Advisors operates nationwide across the U.S.:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Allied Asset Advisors.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Allied Asset Advisors is in HalalWallet's independent directory for Investing, with listings covering nationwide across the U.S.. Structures we list: Shariah-Screened Mutual Fund. Confirm terms and Shariah documentation directly with Allied Asset Advisors.
- Allied Asset Advisors currently has 1 product in our listings (Investing).
- Coverage we list: nationwide across the U.S..
- Contract structures we list: Shariah-Screened Mutual Fund.
- Always verify compliance directly with Allied Asset Advisors and consult qualified Islamic finance advisors when needed.
- Compare Allied Asset Advisors with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.us)
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.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-09-01
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Allied Asset Advisors offer?
Allied Asset Advisors has 1 product we currently list across 1 category. Structures we list: Shariah-Screened Mutual Fund. Review the products listed above for current offerings. Confirm terms directly with Allied Asset Advisors.
How does Allied Asset Advisors ensure Shariah compliance?
Review Allied Asset Advisors's publicly available Shariah compliance documentation, understand the product structures they use, and check for independent oversight or Shariah board involvement. Always verify compliance directly with Allied Asset Advisors and consult with qualified Islamic finance advisors for guidance on specific products.
Is Allied Asset Advisors available in my state?
Allied Asset Advisors operates nationwide across the U.S., though specific products may have regional limitations. Always verify current availability directly with Allied Asset Advisors.
Are Allied Asset Advisors's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Allied Asset Advisors?
Visit Allied Asset Advisors at investaaa.com/, or use the product links on this page.
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