Saturna Capital

What Saturna Capital does

Saturna Capital Corporation is a privately held, family- and employee-owned investment management firm headquartered in Bellingham, Washington, with additional offices in Henderson, Nevada (trust services) and Kuala Lumpur, Malaysia (research and Sharia review). Founded in 1989 by Nick Kaiser, the firm manages approximately $10 billion in assets under management across two flagship fund families: the Amana Funds (Sharia-compliant halal investing, with Amana Income established in 1986 — making it the largest faith-based fund family in the US, now 40 years old) and the Saturna Funds (sustainable investing integrated with ESG analysis). The firm expanded into actively managed ETFs in June 2026 with four halal strategies (Amana Growth ETF, Amana Developing World ETF, Amana Equity Income ETF, and an unlisted ETF).

Underpinning the platform is proprietary technology: NEPTUNE© investment administration software (developed in-house for fund accounting and recordkeeping) plus a proprietary screening engine that evaluates 5,000+ global securities monthly against Islamic and sustainable screens, with approximately 2,150 passing Islamic screens and 1,100 passing sustainable screens. Sharia compliance is independently reviewed quarterly by Amanie Advisors Sdn Bhd. Operations span wholly owned subsidiaries — Saturna Trust Company (asset-friendly Nevada trust administration including specialized halal trusts), Saturna Brokerage Services, Inc. (FINRA/SIPC self-directed brokerage via Pershing LLC), Saturna Sendirian Berhad (Malaysian investment adviser and global sector research), and Saturna Environmental Corporation (operating Camp Saturna, a 133-acre environmental education center).

Saturna earns revenue through a recurring asset-based fee model: investment advisory fees embedded in mutual fund and ETF expense ratios (0.59%–1.20% across funds; 0.61%–0.91% for ETFs), separately managed account fees on portfolios with a $1 million minimum (AUM-based with some performance fees), brokerage commissions on transaction-based accounts (no minimum balance) via Pershing clearing, trust services fees, and employer retirement plan administration. Distribution runs through hybrid channels: direct-to-consumer online onboarding (15–30 minutes), a regional wholesale sales team covering US territories for financial advisors and RIAs, enterprise employer services for 401(k) and Cash Balance plans, and ETF marketplaces via Paralel Distributors. The firm serves halal investors (its primary American Muslim segment), sustainable/ESG investors, retail and HNW individuals, employers, charitable organizations, and faith-based trust clients.

Name

Saturna Capital

Legal name

Saturna Capital Corporation

Website

https://saturna.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Saturna Capital is a privately held, family- and employee-owned US investment manager running ~$10 billion across the Amana Funds (Sharia-compliant halal) and Saturna Funds (sustainable/ESG), now expanded into actively managed ETFs, serving 100,000+ American Muslim, sustainable, retail, employer, and trust clients.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Financial Planning–Led RIAs (FSAAACAB), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE)

Keywords

• Halal mutual funds
• Sustainable investment management
• Sharia compliant investing
• Employer retirement plans
• Trust administration services

Headquarters

HQ city

Bellingham

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Advisory Fees (Embedded in Fund Expense Ratios): Saturna Capital earns advisory fees embedded in the expense ratios of its mutual funds. Expense ratios range from 0.59% to 1.20% depending on the fund and share class (Institutional vs Investor shares).
2. Brokerage Commissions: Saturna Brokerage Services earns commissions on securities transactions including stocks, bonds, and non-affiliated mutual funds, subject to their commission schedule.
3. Investment Advisory Services: Separately managed accounts with generally $1 million minimum, charging fees based on assets under management and in some cases performance.
4. Trust Services Fees: Saturna Trust Company provides trust administration services with low-cost fees following the high-value low-charge philosophy.
5. ETF Management Fees: Amana ETFs launched in 2026 with expense ratios of 0.61% to 0.91%. ETFs are distributed by Paralel Distributors LLC, an unaffiliated entity.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Saturna Capital manages faith-based (Halal) and sustainable mutual funds and ETFs under the Amana and Saturna fund families, and provides investment advisory, trust, brokerage, individual retirement, HSA/ESA, custodial, and employer-sponsored 401(k) and Cash Balance plan services. The firm serves individual investors, employers, trust clients, charitable organizations, and financial advisors with vertically integrated wealth management products.

Product overview

Saturna Capital offers a comprehensive suite of investment products and financial services built around two core fund families: Amana Funds (Halal-focused, adhering to Islamic investment principles) and Saturna Funds (Sustainable investing). The Amana fund family includes growth, income, developing world, and participation (sukuk) mutual funds, now expanded with three actively managed ETFs launched in June 2026. The Saturna fund family includes growth, international, core, and global sustainable bond funds. Beyond funds, Saturna provides a range of account services including Traditional and Shifa (Halal) HSAs, IRAs, Education Savings Accounts, and Custodial Accounts. Employer services encompass 401(k) Plans, Cash Balance Plans, SEP-IRAs, SIMPLE-IRAs, and Employer HSAs. Additional services include Investment Advisory (approximately $10 billion AUM), Trust Services, and Self-Directed Brokerage. The company operates as a family- and employee-owned firm headquartered in Bellingham, Washington with subsidiaries including Saturna Trust Company in Henderson, Nevada and Saturna Sendirian Berhad in Kuala Lumpur, Malaysia.

Differentiator

Problem solved

Functional benefit

Brands

• Amana Funds: Halal (Islamic-compliant) mutual funds and ETFs including Amana Growth, Amana Income, Amana Developing World, and Amana Participation funds. The Amana Funds are reviewed quarterly by Amanie Advisors for Islamic compliance.
• Saturna Funds
• Amana ETFs
• Saturna Trust Company
• Saturna Brokerage Services
• Shifa HSA
• Camp Saturna
• Halal Money Matters Podcast

Products and services

• Amana Mutual Funds Sharia-compliant mutual funds managed by Saturna Capital for individual and institutional investors seeking Islamic-compliant investments across income, growth, and balanced strategies.
• Amana ETFs Exchange-traded funds providing Sharia-compliant equity and income exposure to investors who prefer the ETF vehicle for Halal investing.
• Saturna Sustainable Funds Sustainable/ESG-screened mutual funds managed by Saturna Capital for investors seeking environmental and social values alignment alongside long-term returns.
• Investment Advisory Services Personalized investment advisory and wealth management services provided by Saturna Capital to individual investors and families requiring tailored portfolio guidance.
• Saturna Trust Company Trust administration services provided through Saturna's trust company affiliate for individuals, families, and estates requiring professional fiduciary services.
• Saturna Brokerage Services Brokerage account and trade execution services provided by Saturna's affiliated broker-dealer to clients seeking integrated custody and trading alongside Saturna funds.
• Individual Retirement Accounts (IRAs) Traditional and Roth IRA accounts held at Saturna for individual retirement savers, integrating with Saturna mutual funds and advisory offerings.
• Health Savings Accounts (HSAs) Health Savings Account products offered to individuals and employers, enabling tax-advantaged medical savings integrated with Saturna investment options.
• Education Savings Accounts (ESAs) Coverdell Education Savings Account products offered to families seeking tax-advantaged funding for education expenses.
• Custodial Accounts Custodial investment accounts provided by Saturna for minors, allowing parents or guardians to invest on behalf of children until they reach the age of majority.
• Employer 401(k) Plans Defined contribution 401(k) plan design, administration, and investment menu services provided by Saturna to employer sponsors, including access to Amana and Saturna fund lineups.
• Cash Balance Plans Cash Balance Plan design and administration services for employers seeking a hybrid defined benefit retirement solution alongside their 401(k) or other employer plans.
• SEP-IRAs and SIMPLE-IRAs SEP-IRA and SIMPLE-IRA plan services for small businesses and self-employed individuals seeking simplified employer-sponsored retirement solutions.
• Employer Health Savings Accounts Employer HSA program setup and administration for businesses offering high-deductible health plans with HSAs to their employees.

Quantifiable outcome

• Amana Developing World Fund outperformed Bloomberg Emerging Markets Large, Mid & Small Total Return Index with 1-year return of 52.89% vs 45.91%
• +3 more outcomes

Named customers2 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Amanie Advisors Sdn BhdcoreStrategic or Co-development Partner · 11 February 2026Independent board of scholars and Muslim professionals providing ongoing guidance and quarterly review of the Amana Funds to ensure they remain halal and compliant with Islamic investment principles. Critical to maintaining the religious integrity of the halal funds.
• Paralel Distributors LLCcoreChannel Partner/ Reseller/ DistributorETF distributor for Amana ETFs (AMGR, AMEM, AMEI). Paralel Distributors LLC is an unaffiliated FINRA member broker-dealer responsible for distributing the actively managed halal ETF strategies.
• Saturna Environmental CorporationminorOthersWholly-owned subsidiary managing Camp Saturna, a 133-acre environmental education center at Silver Lake, Washington. Conducts outdoor activities and environmental education programs.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Calvert Impact Capital: Mission-driven investment manager focused on sustainable and impact strategies. Overlaps with Saturna Funds' sustainable/ESG integration thesis and shares a values-aligned retail and institutional audience.
• Parnassus Investments: US sustainable/ESG mutual fund manager (Parnassus Core Equity, etc.) comparable to Saturna's sustainable fund family. Different philosophy emphasis (ESG vs faith-based) but overlapping target customers seeking values-aligned actively managed portfolios.
• Wealthsimple: Canadian digital wealth manager offering themed portfolios including Shariah-compliant options. Comparable in hybrid D2C-plus-advisor model and in pursuing younger retail and faith-aligned investors via technology-led onboarding.

Direct peers

• Iman Fund: Long-standing Islamic mutual fund product distributed to US Muslim investors. Operates in the same Shariah-compliant equity fund category as Amana Income/Growth and competes for the same retail and advisor-sourced allocations.
• Wahed Invest: Digital investing platform offering Shariah-compliant portfolios globally. Direct competitor to Saturna in the US halal retail investor segment, with overlapping product set (managed portfolios, retirement accounts, brokerage-like access) and similar target customer base.
• Azzad Asset Management: Faith-based US mutual fund manager offering Shariah-compliant mutual funds and retirement accounts. Closest head-to-head competitor to the Amana Funds family, with parallel product structure (Investor/Institutional shares) and similar American Muslim clientele.
• SP Funds (Sharia Portfolios): US-based manager of halal ETFs such as SPUS. Most direct competitive overlap to Saturna in actively and passively managed halal investment products, serving similar advisors and self-directed retail Muslim investors.

Broad incumbents

• TIAA: Retirement-focused financial services provider serving academic, nonprofit, and healthcare employers with 401(k), IRA, and annuity products. Most directly comparable incumbent to Saturna's employer retirement plan and IRA/HSA distribution business.
• Vanguard: Largest US mutual fund and ETF provider with broad retirement plan offerings and direct-to-consumer IRA/HSA capabilities. Competes broadly for retirement savings and household asset allocations that Saturna also targets.
• Charles Schwab: Major US broker-dealer and RIA custodian offering mutual funds, ETFs, IRAs, HSAs, and trust services. Overlaps with Saturna Brokerage Services and Saturna Trust Company on the brokerage, custody, and trust administration layers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC263xOUiKTfD_F1Hww4Udaw
• Facebookfacebook.com/saturna.capital
• LinkedInlinkedin.com/company/saturna-capital-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saturna Capital