Halal Investing

Why We Follow GIPS® and What It Means for You

At our firm, we understand that trust is key when it comes to your investments. That’s why we adhere to the Global Investment Performance Standards (GIPS®)—a set of ethical guidelines that ensure transparency, consistency, and accountability in how we report

Azzad Asset Management March 17, 2025

Does Islamic finance say we can invest in credit card companies?

We all need a reminder every now and then about how halal investing works. Here’s a quick refresher. In a nutshell, halal investing touches on avoiding investment in the following: Interest, or ribaSpeculation (gharar) and uncertainty (maysir)DebtCompanies with unethical lines of business That last point--avoiding companies with unethical lines of

Azzad Asset Management February 10, 2025

Purifying your investments from haram money

We often try to minimize the amount we pay in taxes on our investments, but halal investing requires another type of "tax" in order to make sure you're not unintentionally benefitting from haram earnings. We're talking here about purification. And unlike taxes, it's something many people are happy to give

Azzad Asset Management November 7, 2024

FTX – Lessons Learned from a Lack of Due Diligence

What do a supermodel, Shark Tank star and sovereign wealth fund have in common? They all failed to ask questions before investing their money. The investments were related to the cryptocurrency exchange FTX and its trading arm affiliate, Alameda Research. Here are 4 factors you should consider before you invest

Azzad Asset Management January 11, 2023

Is your financial advisor guilty of ‘halalwashing’? Ask these 5 questions to find out.

Halalwashing is when a company makes false or misleading claims about their investment’s Shariah compliance. Far too often, we see advisors claiming to invest halal for their clients while being intentionally ambiguous.  Advisors who promise to manage a portfolio in accordance with Islamic investment guidelines, but then lack written policies

Azzad Asset Management March 18, 2022

Is Naming Retirement Plan Beneficiaries Halal?

We are often asked if Muslim retirement savers can choose beneficiaries outside of Islamic inheritance rules. After all, naming beneficiaries on IRAs and 401(k)s a basic part of keeping accounts in order. Generally, an owner of an employer retirement plan or pension account preselects the beneficiaries of his or her

Azzad Asset Management January 19, 2022

Don’t fall victim to halalwashing

Have you ever wondered about the authenticity of a halal investment? Companies throw around terms like "halal" or "Shariah-compliant" often without defining them. Sometimes, your financial advisor might be claiming adherence to Islamic finance principles without really understanding what they mean--maybe unintentionally, maybe not. This is especially the case when

Azzad Asset Management January 13, 2022

Islamic Impact Investing

How you can get a return and do some good at the same time Imagine you’re running a business with tons of potential. You know that it could be profitable — as soon as you have your finished product, you’re able to sell it. The problem is that you don’t

Azzad Asset Management June 17, 2021

An Islamic perspective on short selling

"Sell not what you do not own." - Prophet Muhammad (peace be upon him) We have been fielding some questions from clients regarding GameStop and other extreme market action in recent weeks. Here's our list of frequently asked questions on the subject. It's designed to help our clients through these

Azzad Asset Management February 12, 2021

GameStop FAQs

Here's a quick guide to the market frenzy you've seen in the headlines. What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that hit hard times in the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock's price

Azzad Asset Management February 3, 2021

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