Not Islamic enough? Why a sukuk issuer now claims its ‘Islamic bond’ isn’t worthy of the name
When are Islamic bonds not really Islamic? If you’re Sharjah-based energy company Dana Gas, the answer is: whenever the company says so. In June, the company announced that it no longer considered its two Islamic bonds, issued in 2013 and valued at $700 million, to be Shariah compliant under United Arab Emirates law. After Dana […]
How to calculate your rate of return
Measuring your rate of return (ROR) is not always straightforward. There are many types of ROR, and investors are not usually aware of their differences. There are three measures of return that are frequently used: simple rate of return (SRR), internal rate of return (IRR), and time-weighted return (TWR). These measures all calculate performance differently. […]
American Muslim investors donate $4.6 million to charity for Ramadan
Azzad calculates zakah amounts for clients to meet Islamic investing requirements Falls Church, Va., June 14, 2017 — Azzad Asset Management, a socially responsible, faith-based investment firm, announced today that its Muslim clients are expected to donate a record amount of money this year in order to fulfill their religious obligation of giving in charity a certain […]
Despite Qatar blockade, investors still bullish
Crisis could be subdued with traders fasting for Ramadan On June 5, the nation of Qatar received news that a bloc of Arab countries led by Saudi Arabia would cut air, sea, and land links with the peninsular monarchy. In Doha, worried residents emptied store shelves knowing that Qatar depends on sea routes and its […]
Chevron shareholders vote on business with genocide-complicit governments
Falls Church, Va., 5/31/17 — Shareholders of energy giant Chevron voted today on a proposal for the company to evaluate a policy of no longer doing business with countries believed to be complicit in genocide. The proposal focuses on the nation of Myanmar/Burma, whose military is accused of committing atrocities against the Rohingya ethnic minority. […]
Top five cybersecurity tips
Last month, a widespread ransomware attack, known as WannaCry, rapidly affected numerous organizations across over one hundred countries. As cyber threats continue to evolve, we must work together to ensure these criminals can’t access your personal data or accounts. Here are 5 protective measures you can take to avoid becoming a victim. 1. Keep your […]
Calculating zakah (2017) with pop quiz
Ever wondered if you have to pay zakah on a 401(k)? What about bonds in your portfolio? This webinar will explain the consensus opinion on how to calculate zakah according to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Learn how to calculate what you may owe on retirement accounts, investment accounts, real […]
Azzad Again Named ‘Top Guns Manager’ by Informa Investment Solutions
Four socially responsible strategies receive top honors for first quarter 2017 Falls Church, Va., 5/17/17 – A leading faith-based asset manager has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Three of Azzad Asset Management’s strategies were among the top 10 performers within peer groups reporting to PSN, the longest-running investment […]
Azzad Ethical Fund becomes first halal enhanced index fund in U.S.
(Falls Church, VA, May 15, 2017) — Investment advisor Azzad Asset Management has announced a new investment strategy for its mid-cap growth Azzad Ethical Fund (ticker: ADJEX) that makes it the first halal mid-cap enhanced index fund in the United States. Launched in 2000, ADJEX is an ethically screened mid-cap growth mutual fund sub-advised by […]
Azzad joins interfaith investor group seeking worker protections in Bangladesh factories
Shareholder advocates continue call for garment industry safety regulations on 4th anniversary of Rana Plaza disaster FALLS CHURCH, VA, April 25, 2017 – Socially responsible investment firm Azzad Asset Management yesterday marked the fourth anniversary of the largest garment factory accident in history, renewing an interfaith appeal to apparel makers to enact meaningful change in […]
