In 2022, SAMA set up an endowment fund with Wells Fargo. The funds are invested in Shariah-compliant stock (e.g. Apple, Amazon). The investments are managed by Mohamed Awad Eljeid, VP at Wells Fargo in Wichita, KS – a trustworthy and longtime supporter of SAMA.
On August 19th, 2023, the BOD renamed it to Dr. Bushra Ibnauf Endowment Fund to fund Dr. Bushra Ibnauf Centers for Learning and Scholarship.