Your Values. Your Money. Halal Investment Solutions By Azzad.
At Azzad, we have two core solutions for investors that have been designed by our team of experts to meet the requirements of Halal.
Our Process
Regardless of the fund you choose, the Azzad team focuses on the following areas for fund management.
We rebalance our funds in an ongoing capacity, always seeking optimal balance in a variety of asset classes.
We constantly weigh risk and return and strive to create a balanced asset allocation in all of our funds.
We advise our investors on unintentionally earned, prohibited income through regular reporting so they can go through the Halal process of purification.
Our team monitors our funds daily, and we work with our investors to clarify any changes we make through rebalancing.
Azzad Wise Capital Fund
Goal: Income and capital preservation.
Daily Price (NAV)
| 9/26/2024 | Ticker | Price | Change |
| Azzad Wise Capital Fund | WISEX | $10.89 | $0.00 |
Summary
The Azzad Wise Capital Fund is the first Halal, socially responsible, fixed-income fund in the United States. When designing the Azzad Wise Capital Fund, we aimed to provide a viable fixed-income investment option contributing to global development.
The fund’s objective is long-term fixed income and capital preservation.
It aims to produce a return comparable to the return on bank accounts and other financial instruments without dealing in interest.
For more information about the Azzad Wise Capital Fund, contact us today
By investing primarily in sukuk, Islamic bank deposits, and trade finance contracts, the fund provides a viable fixed-income investment option that also contributes to global societal development.
It trades on the NASDAQ exchange under the ticker symbol WISEX. Morningstar categorizes WISEX as a short-term bond fund.
WISEX is sub-advised by Federated Investment Management Company, one of the largest investment managers in the United States.
Azzad Ethical Fund
Goal: Long-term capital appreciation.
Daily Price (NAV)
| 9/26/2024 | Ticker | Price | Change |
| Azzad Ethical Fund | ADJEX | $17.56 | $0.23 |
Summary
The Azzad Ethical Fund is a growth-oriented stock fund and the only halal-screened, mid-cap mutual fund in the U.S. (one that invests primarily in the common stocks of mid-cap companies).
The fund’s objective is long-term capital appreciation (growth), making it a sound investment to use in accounts for retirement, education, and other long-term goals.
It trades on the NASDAQ exchange under the ticker symbol ADJEX.
All potential investments are screened to exclude companies that profit from interest, alcohol, tobacco, gambling, adult entertainment, insurance, and weapons. We look at companies on a case-by-case basis and exclude some for human rights abuses or operating in an area of conflict. We also remove companies with high debt ratios.
The fund’s objective is long-term capital appreciation (growth), making it a sound investment to use in accounts for retirement, education, and other long-term goals.
Disclosures
The performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. To obtain recent month end performance, call 888-350-3369.
Azzad Asset Management (the “Adviser”) has contractually agreed to limit the total operating expenses of the Fund to 0.89% through 12/01/2023, excluding indirect expenses. The gross expense ratio for the previous fiscal year ending 06/30/2022 was 0.98%. Absent this arrangement, the performance shown would have been lower. For more detailed information on fund expenses, please see the fund’s prospectus.
The Bank of America Merrill Lynch US Corporate and Government 1-3 Year Index tracks the performance of US dollar-denominated investment grade government and corporate public debt issued in the US domestic bond market, excluding collateralized products. The index does not reflect the deduction of expenses, which have been deducted from the Fund’s returns. The index’s returns assume reinvestment of all distributions and dividends; you cannot invest directly in an index.
The hypothetical charts above do not imply any future performance. They illustrate the performance of a hypothetical $10,000 investment made in each Fund since inception and assume reinvestment of dividends and capital gains. They do not reflect the effect of any redemption fees, which would lower these figures. The initial investment used in the above charts may be higher or lower than the initial minimum amount required to invest in each fund. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Past performance cannot be used to predict future returns. Before making an investment decision, it’s important to check the fund’s prospectus for factors such as investment objectives, costs and expenses, liquidity, fluctuation of principal or return, and tax features.
