Understanding Riba in Islamic Finance
SUMMARY Riba is one of the most often misunderstood terms in Islamic finance. More education on this fundamental concept is not only necessary for the preservation of a halal livelihood; it is also important for the preservation of the proper practice of Islam. Riba is prohibited by the Qur’an, Sunnah (Prophetic example), and consensus of […]
Calculating Zakah on Financial Assets
Zakah refers to the act of purifying one’s wealth by giving a portion of it to those in need. When calculating zakah, many questions can arise: Do I owe zakah on my IRA? How about my 401(k) plan at work? What if interest-bearing bonds are part of the default investment option in my 401(k)? This […]
Charitable Lead Trusts
A Smarter Way to Give
Donor-Advised Funds
Making charitable giving convenient and efficient
Azzad participates in AAOIFI-World Bank conference on Islamic finance
Manama, Kingdom of Bahrain, November 25, 2014 — Representatives from Azzad Asset Management joined leading scholars and senior representatives from central banks, financial institutions, and regulators from over 35 countries this month in the Kingdom of Bahrain for an annual conference on Islamic finance organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). […]
Azzad participates in 4th annual Responsible Investor conference
(Falls Church, Virginia, 10/22/14) – Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, spoke at the 4th annual “ESG in Manager Selection and Monitoring” conference on October 21st. Held at the SUNY Global Center in New York City, the event brought together portfolio managers, analysts, investment […]
Goldman Sachs gets back in the sukuk business
In a landmark offering made on the 16th September 2014, Goldman Sachs became the first US bank to issue sukuk. Sources say the New York-based lender attracted bids for three times the US$500 million of sukuk it sold. The five-year sukuk was priced to yield 90 basis points, or 0.9 percentage point, over the benchmark […]
New white paper outlines performance of Islamic investment strategies
(Falls Church, Virginia, 9/16/14) – Azzad Asset Management today announced the release of a white paper detailing the impact of halal investing guidelines on investment performance. Examining historical data over the last two decades, the white paper offers evidence that Shari’ah-screened indices, which favor industries like information technology and health care and exclude financial services, […]
Women and Investing
Did you know that women generally earn notably less than their male counterparts? Or that married women are likely to outlive their husbands? Watch as Azzad’s Fatima Iqbal, CFP® explains how to deal with these financial predicaments.
Purification calculator helps investors avoid unethical profits
(Falls Church, Virginia, 8/13/14) – Azzad Asset Management today announced the launch of an online tool intended to help American Muslims observe halal investing guidelines. Using input provided by shareholders of the Azzad Mutual Funds, an online purification calculator will provide a user-specific dollar amount that represents unintentional earnings that were potentially derived from religiously […]
