The North American Islamic Trust - NAIT
The North American Islamic Trust (NAIT) is a
waqf, the historical Islamic equivalent of an American trust or
endowment, serving Muslims in the United States and their institutions.
NAIT facilitates the realization of American Muslims' desire for a
virtuous and happy life in a Shari'ah-compliant way.
NAIT is a not-for-profit entity that
qualifies as a tax-exempt organization under Section 501(c) (3) of the
Internal Revenue Code. NAIT was established in 1973 in Indiana by the
Muslim Students Association of U.S. and Canada (MSA), the predecessor
of the Islamic Society of North America (ISNA). NAIT supports and
provides services to ISNA, MSA, their affiliates, and other Islamic
centers and institutions. The President of ISNA is an ex-officio member
of the Board of Trustees of NAIT.
NAIT BOARD OF TRUSTEES:
- Dr. Muzammil Siddiqi
- Dr. Bassam Osman
- Dr. Gaddoor Saidi
- Br. Muhammad Ali Sarodi
- Br. Farooq Malik
- Dr. Mujeeb Cheema
Dr. Mohamed Magid (ISNA President)
NAIT holds titles to mosques, Islamic centers, schools, and other real
estate to safeguard and pool the assets of the American Muslim
community, develops financial vehicles and products that are compatible
with both the Shari'ah (Islamic law) and the American law, publishes
and distributes credible Islamic literature, and facilitates and
coordinates community projects.
• Islamic Centers, Mosques and Schools:
1. NAIT offers waqf protection to
properties of Islamic centers, safeguards these community assets, and
ensures conformity to the Islamic purpose(s) for which their founders
established them. NAIT holds titles of approximately 300 properties.
NAIT does not administer these institutions or interfere in their daily
management, but is available to support and advise them regarding their
operation in conformity with the Shari'ah.
2. NAIT facilitates the establishment of Islamic centers, mosques and schools by extending limited interest-free loans from its
Islamic Centers Cooperative Fund (ICCF) to needy communities.
• Financial Services
NAIT develops Islamic financial products that address the investment
and financial needs of Muslim organizations, individuals and their
businesses, within the boundaries of the Shari'ah. Over the last two
decades, NAIT has established and sponsored mutual funds that invest in
companies which meet the universal ethical principles of Islam. The
Iman Fund (IMANX)
is a no-load mutual fund offered by Allied Asset Advisors, a subsidiary
of NAIT. It invests in Shari'ah-compliant companies. It includes, among
others, shares of stocks from the Iman Market Indexes,
which consist solely of common stocks that meet universal Islamic
principles, as advised by a Shari'ah Supervisory Board of six prominent
Islamic scholars from six countries. Investment objectives, risks,
charges, expenses, etc. of the Iman Fund (IMANX) are described in a prospectus that can be obtained by calling (877) 417-6161, or visiting www.investaaa.com
• Islamic Literature
The ever-increasing and diverse Muslim population in the United States
demands a variety of Islamic literature. The misrepresentation of Islam
and Muslims by the media, Orientalists and some misguided missionaries
necessitates the development of authentic Islamic literature. NAIT
meets this need by publishing and distributing credible Islamic
1. American Trust Publications (ATP),
established by NAIT in 1976, has published over 100 books on a wide
variety of topics of interest to Muslims and non-Muslims. Examples
include: Fiqh us-Sunnah by As- Sayyid Sabiq, The Life of Muhammad by Muhammad Husayn Haykal [translated by Isma'il al Faruqi],
The Lawful and the Prohibited in Islam by Yusuf al Qaradawi, Jihad by Marcel A. Boisard,
Islam Between East and West by ‘Alija Ali Izetbegovic,
Reading the Muslim Mind by Hassan Hathout, and Gender Equity in Islam – Basic Principles by Jamal Badawi.
2. Islamic Book Service (IBS),
established in 1965, offers a comprehensive stock of books by reputable
Muslim scholars, titles for children, and multi-media products. IBS
sells over 1,000 titles of authentic books, primarily in English and
Arabic, CDs, DVDs, and audio and video tapes about Islam. IBS is a
one-stop source for products and resources about Islam and Muslims.
Visit www.ibs-nait.com or call us at (888) 319-5858
to order today.
• About NAIT.net
This web site is dedicated to Brother Mohammad
Naziruddin Ali, who passed away to the
Hereafter on Friday December 1, 2006. He had been General Manager of NAIT since
March 1983 and Secretary of the Board of Trustee of NAIT.