Allied Asset Advisors Funds · N-1A/A · On 5/23/00 · EX-99.A(IV)

Filed On 5/23/00 5:15pm ET   ·   SEC File 333-30924   ·   Accession Number 894189-0-317

Pre-Effective Amendment to Registration Statement of an Open-End Management Investment Company   —   Form N-1A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-1A/A      Pre-Effective Amendment to Registration Statement     66±   288K 
                          of an Open-End Management Investment                   
                          Company                                                
 2: EX-99.A(III)  Written Instrument Fixing                            1      7K 
 3: EX-99.A(IV)  Written Instrument Establishing                       2±    11K 
 4: EX-99.B(I)  Amendment to Bylaws                                    1      7K 
 5: EX-99.D     Advisory Agreement                                     6±    26K 
 6: EX-99.D(I)  Expense Waiver and Reimbursement Agreement             2±     9K 
 7: EX-99.E     Distribution Agreement                                 7±    29K 
 8: EX-99.G     Custody Agreement                                     27±    89K 
 9: EX-99.H(I)  Admistration Agreement                                 8±    30K 
10: EX-99.H(II)  Transfer Agent Servicing Agreement                    8±    30K 
11: EX-99.H(III)  Fund Accounting                                      8±    31K 
12: EX-99.H(IV)  Shareholder Services Agreement                        4±    18K 
13: EX-99.H(V)  Fullfilment Agreement                                  4±    15K 
14: EX-99.I     Opinion and Consent of Counsel                         1     10K 
15: EX-99.L     Agreement Relating to Initial Capital                  1      8K 
16: EX-99.M     Rule 12b-1 Plan                                        8±    34K 
17: EX-99.N     Rule 18f-3 Plan                                        3±    13K 
18: EX-99.P     Code of Ethics                                        16±    55K 

EX-99.A(IV)   —   Written Instrument Establishing

 ALLIED ASSET ADVISORS FUNDS
DOW JONES ISLAMIC INDEX FUND

 WRITTEN INSTRUMENT ESTABLISHING
AND DESIGNATING CLASSES OF INTERESTS

 MAY 4, 2000

 The undersigned constitute all the Trustees of the Allied Asset
Advisors Funds (the "Trust"), a Delaware business trust governed by a           
Declaration of Trust dated January 10, 2000 (the "Declaration of Trust"). This  
instrument is executed pursuant to Section 6.3 of Article VI of the Declaration 
of Trust in order to establish and designate separate classes of Interests of   
the Dow Jones Islamic Index Fund series of the Trust (the "Fund").              

        WHEREAS, Under the Declaration of Trust, the Board of Trustees has the
authority, in its discretion and without shareholder approval, to divide the    
Interests of the Fund into separate classes; and                                

    WHEREAS, This Board of Trustees deems it desirable and in the best
interests of the Trust to designate separate classes of Interests of the Fund to
be named "Class K Interests" and "Class M Interests."                           

       NOW, THEREFORE, the establishment and designation of separate classes
of Interests of the Fund is approved in accordance with the following           
provisions:                                                                     

      1. Subject to the conditions hereinafter set forth, the Interests of
each series shall be divided into two classes to be known respectively as the   
"Class K Interests," and the "Class M Interests," which classes shall have such 
preferences and special or relative rights and privileges as may be determined  
from time to time by this Board of Trustees, subject always to the Declaration  
of Trust and the Investment Company Act of 1940 ("1940 Act") and the rules and  
regulations thereunder.                                                         

        2. Subject to the terms of the Declaration of Trust, Class K Interests
and Class M Interests shall be identical in all respects except that: (1) each  
class shall bear the distribution expenses allocable to sales of Interests of   
such class, as determined by the Trustees; (2) each class shall bear other      
expenses of the series that are related to services provided only to the holders
of Interests of such class, as determined by the Trustees; (3) Class K and Class
M Interests may be exchanged for Class K and Class M Interests, respectively, of
any other series, or any similar class of any investment company (or series)    
managed, administered or distributed by Allied Asset Advisors, Inc., on such    
terms as are determined by the Trustees; and (4) the Holders of Class M         
Interests of a series shall have exclusive voting rights with respect to certain
matters as set forth in Section 6.7. Determinations of such differences between 
classes shall be set forth in a written plan adopted by a majority of the       
Trustees.                                                                       

     IN WITNESS WHEREOF, the undersigned have this 4th day of May, 2000,
signed these presents.                                                          

                          /S/ BASSAM OSMAN
                               Bassam Osman, Trustee

                             /S/ MUZAMIL SIDDIQI
                         Muzamil Siddiqi

                               /S/ ABDALLA IDRIS ALI
                           Abdalla Idris Ali

                        /S/ JAMAL SAID
                    Jamal Said

                                  /S/ MOHAMMED KAISERUDDIN
                              Mohammed Kaiseruddin

                          /S/ MAZEN ASBAHI
                      Mazen Asbahi

Dates Referenced Herein   and   Documents Incorporated By Reference

This N-1A/A Filing		Date		Other Filings
		1/10/00
		5/4/00
Filed On / Filed As Of		5/23/00
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