FALLS CHURCH, Va., April 21, 2022 — Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today it has calculated that the firm’s Muslim clients are to give away more than $11 million in zakah-related charity. 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
Investor proposal called for enhanced reporting on App Store takedowns Falls Church, Virginia, March 17, 2022 — Azzad Asset Management, a leading socially responsible investment firm, today praised Apple shareholders for their strong vote in favor of greater transparency at the tech company’s annual meeting this month. A shareholder resolution filed by Azzad–and supported by transparency advocate Open MIC–asked the company for more information about apps removed or censored at the request of foreign governments. It was presented at the company’s annual general meeting held on March 4. Apple reported 3,042,933,417 votes in favor of the resolution in a U.S.
‘Waqf’ product created in collaboration with estate planning firm Shariawiz Falls Church, Virginia, Dec. 16, 2021 — Azzad Asset Management announced today the debut of a family trust product specifically designed for American Muslims. The Shariah-compliant family trust, a first in the United States, is also known by the Arabic term waqf and is designed to help families with the distribution of assets and the care of children at the time of a spouse’s death. Shariawiz, an online estate planning service, consulted with Azzad to develop a product that respects Islamic rules for inheritance and estate planning. The jointly developed trust
FALLS CHURCH, Virginia (October 6, 2021) – Socially responsible registered investment adviser Azzad Asset Management announced today that it has been named to the CNBC FA 100, a ranked list of advisory firms that offer the most comprehensive planning and financial services to help clients navigate their financial lives. The firm said in a statement: “Being named to the CNBC FA 100 is an important recognition of Azzad’s philosophy and mission. We help our clients navigate the complex financial industry and optimize their financial plans through our faith-based, personalized approach. We are grateful to receive such a prestigious distinction and congratulate