Azzad meets with South African ambassador about Islamic finance
(Falls Church, Virginia, 7/24/13) – Representatives from Azzad Asset Management met today with His Excellency Ebrahim Rasool, Ambassador of the Republic of South Africa to the United States, at his offices in Washington, D.C. Azzad requested the meeting to discuss potential investment in South Africa as part of the portfolio held by the Azzad […]
Azzad issues annual zakah and purification statements to American Muslim clients
(Falls Church, Virginia, 7/24/13) – Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, announced today that it has completed annual Zakah and purification calculations for investors. Statements have been delivered to clients, who will use the calculated figures to determine their required charitable giving for the year. Assuming […]
What to do with your required minimum distributions (RMDs)
Required minimum distributions, better known as “RMDs,” refer to the amount of money that is required to be distributed from pre-tax retirement accounts, like IRAs, after age 70.5. If the amount is not withdrawn, a 50% penalty may be assessed. While some retirees might take the RMD for necessary personal expenses, there are other options […]
How the Fed impacts your portfolio
Since September of last year, the Federal Reserve has been buying $85 billion in bonds every month, aiming to lower long-term interest rates and boost economic growth. Overall, the U.S. central bank has bought more than $2 trillion of government bonds, private debts, agency housing debts and other bond instruments dating back to the Financial Crisis. […]
Azzad Welcomes Greiner as Lead Portfolio Manager for Azzad Ethical Fund
(Falls Church, Virginia, 6/5/13) Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, announced that Christian Greiner has assumed day-to-day portfolio manager duties for the Azzad Ethical Fund (NASDAQ: ADJEX). Greiner’s promotion to lead portfolio manager comes after former manager Joseph Pappo retired from the fund’s sub-advisory firm, Ziegler […]
Azzad Wise Capital Fund Now on Schwab’s Mutual Fund OneSource® Platform
(Falls Church, Virginia, 5/30/13) – The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal, socially responsible fixed-income mutual fund is now available to investors through the Mutual Fund OneSource® program offered by Charles Schwab and Co., Inc. The fund invests in sukuk, or asset-backed Islamic bonds, as well as deposits and notes from Islamic […]
Azzad creates opportunities by cutting through red tape
Opening up new markets to investors isn’t easy. If you don’t believe me, just ask Jamal Elbarmil. “No one is willing to cut through all the red tape to invest in Islamic banks,” says the longtime Azzad Wise Capital Fund portfolio manager. “No one except Azzad.” Elbarmil starts his Tuesday with a cup of coffee […]
Azzad representative to speak about Islamic finance on May 26
(Falls Church, Virginia, 5/22/13) – This Sunday, May 26th, Fatima Iqbal, CFP®, an investment advisor with Azzad Asset Management, will present at a panel on Islamic finance as part of the 38th annual ICNA-MAS Convention in Hartford, Connecticut. Her session will focus on the innovation of halal fixed-income investing in the United States and how […]
Azzad Hosts Leader in Turkish Finance
(Falls Church, Virginia, 5/6/13) – Azzad Asset Management recently hosted Dr. Mehmet Yesilyaprak of Turkiye Finans Bank at its headquarters in suburban Washington, D.C. Yesilyaprak gave the Azzad staff an update on the banking sector in Turkey and met afterwards with Azzad management to discuss areas of future collaboration. The Azzad Wise Capital Fund (NASDAQ: […]
