INDEPENDENT AUDITORS' REPORT

To the Board of Trustees and Shareholders of
the Dow Jones Islamic Index Fund:

In planning and  performing  our audits of the  financial  statements of the Dow
Jones Islamic Index Fund (the "Fund"),  a series of Allied Asset Advisors Funds,
for the year ended May 31, 2003 (on which we have  issued our report  dated July
18, 2003), we considered its internal control,  including control activities for
safeguarding  securities,  in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the  requirements  of Form  N-SAR,  and not to provide  assurance  on the Fund's
internal control.

The  management of the Fund is  responsible  for  establishing  and  maintaining
internal control. In fulfilling this responsibility,  estimates and judgments by
management  are  required to assess the expected  benefits and related  costs of
controls.  Generally,  controls  that are  relevant  to an audit  pertain to the
entity's objective of preparing financial  statements for external purposes that
are fairly presented in conformity with accounting principles generally accepted
in the United States of America.  Those  controls  include the  safeguarding  of
assets against unauthorized acquisition, use, or disposition.

Because of inherent  limitations in any internal  control,  misstatements due to
error  or  fraud  may  occur  and  not be  detected.  Also,  projections  of any
evaluation  of internal  control to future  periods are subject to the risk that
the internal control may become  inadequate  because of changes in conditions or
that the degree of compliance with policies or procedures may deteriorate.

Our consideration of the Fund's internal control would not necessarily  disclose
all  matters  in  internal  control  that  might be  material  weaknesses  under
standards established by the American Institute of Certified Public Accountants.
A material  weakness is a condition  in which the design or  operation of one or
more of the internal  control  components  does not reduce to a  relatively  low
level the risk that misstatements due to error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be  detected  within a timely  period  by  employees  in the  normal  course  of
performing their assigned functions.  However, we noted no matters involving the
Fund's internal control and its operation,  including  controls for safeguarding
securities,  that we consider to be material  weaknesses  as defined above as of
May 31, 2003.

This  report  is  intended  solely  for the  information  and use of the  Fund's
management,  the Board of Trustees  and  Shareholders  of the Dow Jones  Islamic
Index Fund, and the Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than these specified parties.

/s/DELOITTE & TOUCHE LLP


July 18, 2003