Magni Islamic Stewardship

MAGNI

Islamic Stewardship

INVESTMENT PORTFOLIO

Why Invest in

Islamic Stewardship?

The Islamic Stewardship portfolio is Shariah-compliant. Traditional Shariah-compliant portfolios typically remove companies profiting from haram products or services. In addition to doing this, our Islamic Stewardship portfolio also prioritizes investing in companies that comply with Islamic values as defined by the Maqasid al Shariah. An Islamic principle is that Allah provides us a better halal substitute for everything that is haram. The Maqasid values provide guidance on the better substitutes for behavior. These values were applied to an investment model for corporate governance best practices to create the Islamic Stewardship model.

Maqasid Values

The resulting portfolio recognizes and rewards companies for demonstrated good behavior. Muslims now have a portfolio that allows them to invest in a manner that is both Shariah-compliant and rewarding of companies that do good.

Honesty and Transparency

The more honest and transparent a company is with its shareholders, customers, suppliers, employees, competitors, and communities in which the company operates, the greater the opportunity for a positive impact on equity valuations.

Behavior Over Intent

Measuring good governance is not easy. Just because rules and regulations are in place does not mean that they are enforced. A key factor in determining good governance is behavior versus self-described intent.

Top Holdings

Please download the Magni Islamic Stewardship Fact Sheet for more information about the portfolio.

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3M

The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods. The company consistently manages its stakeholder relationships with quality and transparency, including awards for ethical competition.

Cognizant

Cognizant is an American multinational corporation that provides IT services, including digital, technology, consulting, and operations services. The company consistently manages its stakeholder relationships with quality and transparency, including very strong programs to maintain customer relationships.

Autodesk

Autodesk, Inc. is an American multinational software corporation that makes software services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. The company maintains excellent customer and employee relationships, while having the programs and transparency to give confidence that those relationships will be maintained over time.

Corning

Corning is an American company and one of the world's leading innovators in materials science, with a 168-year track record of life-changing inventions. The company consistently manages its stakeholder relationships with quality and transparency, while avoiding material weaknesses in the programs to support the relationships.

Biogen

Biogen Inc. is an American multinational biotechnology company, specializing in the discovery, development, and delivery of therapies for the treatment of neurological diseases to patients worldwide. The company consistently manages its stakeholder relationships with quality and transparency, including deep engagement in the communities where the company operates.

Ecolab

Ecolab is an American global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets. The company maintains excellent customer and employee programs to give confidence that its strong stakeholder relationships will be maintained over time.

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