Falls Church, VA — Azzad Asset Management announced today that it has filed a shareholder proposal with Meta for consideration at the company’s 2026 Annual General Meeting. Proposal 7 on the proxy statement calls on Meta’s Board of Directors to commission and publish an independent report assessing the effectiveness of the company’s human rights due diligence processes, particularly in conflict-affected and high-risk areas (CAHRAs), with a specific focus on recent impacts in Gaza.
The resolution highlights ongoing concerns regarding Meta’s content moderation practices and their potential role in exacerbating human rights risks. It references documented issues across multiple regions, including Myanmar and Tigray, and notes that recent reporting and civil society research have raised questions about the company’s handling of content related to Palestine, including allegations of disproportionate content suppression and the approval of harmful material.
“Azzad believes that strong governance and accountability are essential to protecting long-term shareholder value,” said Azzad spokesperson Joshua Brockwell. “As global expectations around corporate responsibility continue to evolve, particularly under frameworks such as the United Nations Guiding Principles on Business and Human Rights, investors have a clear interest in understanding whether companies are effectively managing material human rights risks.”
The proposal also points to prior independent assessments, including a 2022 report by Business for Social Responsibility, which identified adverse human rights impacts linked to Meta’s platforms. Azzad notes that subsequent company disclosures have not provided sufficient evidence of meaningful progress in implementing recommended improvements.
The requested report would evaluate how effectively Meta identifies, prevents, mitigates, and accounts for adverse human rights impacts associated with its content moderation systems. Proponents argue that enhanced transparency and independent oversight could help reduce legal, regulatory, and reputational risks while strengthening platform integrity.
Azzad has also filed an exempt solicitation for investors seeking more information. The proposal will be put to a vote on May 27, 2026.
About Azzad Asset Management
Since 1997, Azzad has been committed to providing investment services designed to help people enjoy optimum performance without compromising their Islamic values. In addition to investment management, the firm offers holistic financial planning services to American Muslim families across the United States.
Azzad Asset Management, Inc. is an investment advisory firm registered with the Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Form ADV Part 2A can be obtained by visiting https://adviserinfo.sec.gov and searching for our firm name. ADV Form 2B is available upon request. Neither the information nor any opinion expressed is to be construed as solicitation to buy or sell a security or personalized investment, tax, or legal advice.
