Amana portfolios are constructed and managed in strict accordance with Islamic financial principles. Every investment undergoes rigorous screening against the internationally recognised Shari’ah standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and is reviewed and certified by qualified independent Shari’ah scholars.

All investments are carefully filtered to exclude:

• Income derived from interest (riba)

• Excessive uncertainty or speculation (gharar and maysir)

• Exposure to non-permissible industries such as alcohol, conventional banking, gambling, arms, and pork-related products

This multi-tiered compliance process ensures that each portfolio reflects not only the letter but also the spirit of Islamic commercial ethics. Oversight is maintained through an Independent Shari’ah Advisor and Firstline’s internal Investment Committee, ensuring ongoing compliance with standards set by AAOIFI, the Islamic Financial Services Board (IFSB), and other leading Shari’ah governance bodies.

Our commitment to ethical investing means that Amana portfolios are aligned not only with Islamic values, but also with broader principles of transparency, accountability, and stewardship.

No, capital is not guaranteed.

In line with Islamic financial principles, Amana portfolios operate on the basis of risk sharing, not risk transfer. This means that both profit and potential loss are shared equitably between investors and the parties deploying capital. While our investment approach is disciplined and Shari’ah-compliant, all investments carry inherent market risks, and values may fluctuate.

Guaranteeing capital or returns in advance would contradict the prohibition of riba and gharar under Shari’ah. Instead, Amana emphasises transparency, prudent risk management, and real economic activity to preserve and grow your wealth in a manner consistent with Islamic ethics.

Returns are generated from Shari’ah-compliant investments, including screened public equities, Sukuk, and real asset-backed structures based on contracts such as Mudarabah, Musharakah, Ijara, and Wakala. Each instrument is structured to ensure that income arises from genuine economic activity and ownership transfer, in full alignment with Islamic commercial law.

Every investment is subject to rigorous Shari’ah review, guided by internationally recognised standards, particularly AAOIFI Shari’ah Standard No. 21 on “Financial Papers (Shares and Bonds).” This includes prohibitions on riba (interest), gharar (excessive uncertainty), and maysir (speculation), as defined by classical fiqh and endorsed by contemporary Shari’ah advisory councils.

Where applicable, securities selected are drawn from recognised global Islamic indices such as the Dow Jones Islamic Market Index, MSCI Islamic Index, or FTSE Shariah Index. These indices apply sector-based and financial ratio screens to ensure adherence to key Shari’ah thresholds on non-permissible income, leverage, and liquidity.

All portfolio components are vetted by our Independent Shari’ah Advisor and overseen by our Investment Committee, ensuring compliance with the principles laid down by AAOIFI, the Islamic Financial Services Board (IFSB), and the International Islamic Fiqh Academy (IIFA). This layered oversight safeguards the religious integrity of our offerings and ensures continuous Shari’ah alignment.

Amana maintains transparent management and advisory fees, disclosed at onboarding. Fees are based on the value of assets under management or advisory, with full schedules provided to each client in advance.

Yes. Amana portfolios may be opened as a joint investment with up to three people.

In this case, the portfolio is managed as a single account, with all parties having equal access and rights. This includes decisions on beneficiaries and other account-related matters.

If you and your friends are considering a joint portfolio, we recommend booking a call with our team so we can walk you through the process and ensure it is structured to meet your shared goals.