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 […]
Understanding the roots of Islamic social activism: The Pact of Chivalry
“Even if red camels were offered to me in exchange for the Pact of Chivalry, I would not accept them.” – Prophet Muhammad (peace be upon him) Azzad has taken on a leading role in financial activism and social justice of late. This is inspired in part by an instance in the life of Prophet […]
The cost of not tracking your IRA contributions
Do you know how much you’re allowed to contribute to your IRA each year? Are you periodically tracking your deposits? Contributing more than the permitted amount can result in costly penalties. Fortunately, there are ways to fix it. How can it happen? Let’s look at a hypothetical example. In 2016, Ahmad, age 51, set up […]
Shareholder Advocacy – How to file proxy resolutions and why it should matter to you
Do you want to be the change you seek in the world? Consider putting your money to work through shareholder advocacy. Shareholder advocacy refers to actions taken by stockholders to ask the companies they own to change their behavior for the public good. Think of asking an energy company to report on its carbon footprint […]
Azzad joins interfaith coalition asking SEC to reassess pay ratio rule
(Falls Church, Virginia, 3/22/17) — Azzad Asset Management has joined other faith-based organizations in signing a letter to the United States Securities and Exchange Commission (SEC) calling for the continuation of a rule requiring companies to disclose how much CEOs make compared to their employees. The pay ratio provision is part of the 2010 Dodd-Frank […]
