Untitled Document


EXHIBIT C

CONSULTING AGREEMENT 

  with Saturna Capital Corporation 

  for AMANA MUTUAL FUNDS TRUST 

  

  THIS AGREEMENT, effective this first day of January, 2000, between Saturna Capital
  Corporation, a Washington State corporation (the "Adviser") and the Fiqh Council
  of North America (the "Consultant"), for services to Amana Mutual Funds Trust
  (the "Trust"), to be and become effective as provided in Section 1, Article
  IV, between the parties hereto, 

WITNESSETH, THAT: 

The parties hereto pursuant to the terms hereof enter into the following Articles
  of Agreement: 

ARTICLE 1: CONSULTING SERVICES 

During the continuance of this Agreement, the Consultant shall provide consulting
  services to the Adviser regarding the application and interpretation of Islamic
  principles to investments of Amana Mutual Funds Trust. These services shall
  relate to the propriety of investments or types of investments under Islamic
  principles, in accordance with the investment objectives of the funds of Amana
  Mutual Funds Trust. The Consultant shall not provide advice as to the value
  of securities or as to the advisability of investing in, purchasing or selling
  securities or other property. 

ARTICLE II: REPORTS AND CONSULTATIONS 

Upon request, the Consultant shall furnish to the Adviser a written or oral
  report on all matters pertaining to the services of the Consultant. Upon request,
  the Consultant shall meet with the Adviser, the trustees or any committee of
  the trustees of Amana Mutual Funds Trust to provide consultation and advice
  regarding issues of Islamic principles. 

ARTICLE III: FEES FOR SERVICES OF THE CONSULTANT 

As full compensation for all services rendered and to be rendered by the Consultant
  hereunder, the Adviser shall pay to the Consultant an annual fee equal to 0.10%
  of the average daily net asset value of Amana's Growth Fund and Income Fund.
  Such average daily net asset value shall be determined by dividing the aggregate
  of the daily net asset values by the number of calendar days in the period.
  The amount thus determined for each calendar month shall be paid to the Consultant
  as soon as practicable after receipt of the advisory fee. In the event of the
  termination of this Agreement the fee for the month in which terminated shall
  be that proportion of the rate for the whole month as the number of calendar
  days during which this Agreement is in effect during the month bears to the
  number of days in the whole month computed on the average daily net asset value
  of each Fund during such period. Notwithstanding the foregoing provisions in
  this Article III, in the event that the total expenses (excluding taxes, interest
  and extraordinary items) of a Fund of the Trust for any fiscal year exceeds
  the lesser of 2% of average daily net asset value or the expense limitation
  provisions established for the most restrictive state in which a Fund is registered
  to offer and sell Shares, the Adviser is obligated to reimburse the Fund for
  such excess. Such calculation shall be made at the end of each month based on
  the average daily net assets in such month, on a basis consistently applied,
  and any reimbursement or adjustment required shall be made promptly thereafter.
  In the event that reimbursement is required, the Consultant shall reimburse
  the Adviser for a pro rata share of the amount of the advisory fee that the
  Adviser is required to reimburse to such Fund. Any such reimbursement by the
  Adviser to the Fund shall not exceed the amount of the advisory fee paid or
  payable to the Adviser for such fiscal year. 

ARTICLE IV: TERM AND TERMINATION OF AGREEMENT 

This Consulting Agreement shall become effective on January 1, 2000 for an
  initial period to September 30, 2000, and shall continue from year to year so
  long as the terms of the Advisory Agreement and the renewal and continuance
  thereof have been approved at least annually by a majority of the trustees,
  who are not interested persons of the Adviser, the Consultant, the Trust or
  a Fund, casting their vote in person at a meeting called for the purpose of
  voting on such continuance. 

This Agreement may be terminated at any time without liability to either party
  by notice in writing given by the party desiring to terminate to the other not
  less than sixty (60) days in advance of the date specified, for termination.
  The Trust may take such action either by the trustees. This Agreement shall
  automatically terminate upon termination of the Advisory Agreement between the
  Adviser and any fund of Amana Mutual Funds Trust. This Agreement may not be
  assigned by either party and shall terminate automatically upon assignment (as
  defined in the federal Investment Company Act of 1940). 

ARTICLE V. RESPONSIBILITY 

The Consultant shall have no responsibility for selection of securities, purchase
  or sale of securities, or investment advice given by the Adviser to the Trust.
  The sole responsibility hereunder shall be for providing consulting and advisory
  services to the Adviser regarding the application and interpretation of Islamic
  principles to investments and types of investments of the Trust. The Consultant
  shall have no responsibility or liability for the investment recommendations
  and advice of the Adviser, and shall have no responsibility or liability for
  the performance of the Trust which may result from the advice and recommendations
  of the Adviser. 

ARTICLE VI. GENERAL 

This instrument is executed by the Adviser and Consultant in such capacities.
  By the execution hereof all parties agree that, except to the extent limited
  by the provisions of the federal Investment Company Act of 1940, for the payment
  of any claim or the performance of any obligations hereunder, resort shall be
  had solely to the assets and property of the Trust and no Shareholder, trustee,
  officer, employee or agent of the Trust or a Fund shall be personally liable
  therefore. Reference is made to Articles of Trust dated July 17, 1984 which
  has been filed with the Indiana Secretary of State, Indianapolis, Indiana. 

IN WITNESS WHEREOF, 

the parties hereto have caused this Agreement to be executed on behalf of each
  of them by their duly authorized officers as of the date and year first above
  written. 

	
      FIQH COUNCIL OF NORTH AMERICA

    	SATURNA CAPITAL CORPORATION
	By /s/ Taba Jabir Alalwami, Chairman	By /s/ Nicholas Kaiser, President