Connect

Press Releases

Financial Advisor Magazine names Azzad in 2023 RIA Survey and Ranking
Financial Advisor Magazine names Azzad in 2023 RIA Survey and Ranking
Continue Reading
Shareholder Proposal Cites Potential Risks of Chatgpt During 2024 Elections
Continue Reading
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions
Continue Reading
FALLS CHURCH, Va., April 3, 2023 -- Azzad Asset Management announced today that its Muslim clients are expected to donate roughly $10 million during the month of Ramadan. In a statement, the firm said: Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the highest standard when it comes to calculating accurate zakah amounts for our clients. We are proud to help our clients fulfill their religious obligations and are gratified to facilitate this sizeable donation to those in need. Zakah--sometimes spelled zakat--is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. Azzad calculates and reports to clients each Ramadan the amounts that should be given in charity. Although there is no prescribed time to give zakah, many Muslims, including Azzad clients, choose to pay zakah during the holy month of Ramadan, which began this year on March 23. The third pillar of Islam, zakah is assessed on accumulated wealth in order to help those in need. Zakah is not a tax on income; it is instead applied to wealth and savings to encourage the free flow of capital and avoid a concentration of resources among the very few. Azzad follows best practices and guidelines on zakah calculation issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). AAOIFI is a nonprofit consortium of Muslim scholars who convene to issue guidelines on halal investing and other financial matters. AAOIFI Standard Number 35, which outlines specific guidance on zakah, is considered the authority for Islamic financial services firms. About Azzad Asset Management Azzad Asset Management provides investment management and financial planning services designed to help clients align their financial lives with their Islamic values. The firm is based in Falls Church, Virginia.
Azzad Asset Management clients to donate approximately $10 million in Ramadan
Continue Reading
Azzad CEO Bashar Qasem receives a 2023 Lipper Fund Award on March 23 in New York.
Azzad Wise Capital Fund wins 2023 Lipper Fund Award
Continue Reading
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions
Continue Reading
Shareholder coalition withdraws transparency proposal in light of Apple’s plans
Shareholder coalition withdraws transparency proposal in light of Apple’s plans
Continue Reading
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Azzad Portfolios Recognized as ‘Top Guns’ by Informa Investment Solutions
Continue Reading
Azzad Asset Management named again to CNBC FA 100 List
Azzad Asset Management named again to CNBC FA 100 List
Continue Reading

Ready To Learn More?

Schedule an obligation-free consultation with us today!
I’m Ready!

Get Started Today

Let’s build the financial life you want – together.

Schedule Now
Linkedin Youtube Facebook

3141 Fairview Park Drive, Suite 355, Falls Church, VA, 22042

888-862-9923

Quick Links

Other Links

Get Our Insights

© 2024 Azzad Asset Management. All Rights Reserved

Azzad Asset Management

You are about to leave the Azzad website and enter a third-party website. We are not responsible for and cannot guarantee the accuracy of any information on a third-party website.

You will be redirected to

Click the link above to continue or CANCEL

Mid Cap Growth Mutual Fund (ADJEX) | Managed by Azzad Asset Management
My Account
Connect
Search