Press Releases
Chevron shareholders vote on cutting business ties with genocide-complicit governments
Chevron shareholders voted today on a resolution to evaluate a policy of cutting business ties with governments engaged in genocide or crimes against humanity. Filed by seven socially responsible investing organizations, the proposal cites specifically the nation of Myanmar, whose military stands accused of committing atrocities against the Rohingya ethnic minority. Chevron is the largest U.S. corporate investor in Myanmar (Burma). In partnership with Total of France and the government-owned Myanma Oil and Gas Enterprise (MOGE), Chevron owns the Yadana gas field and pipeline that generates billions of dollars in revenue for the government of Myanmar. In March 2015, Chevron
Azzad CEO participates in AAOIFI conference on Islamic finance
Falls Church, Va., 4/26/2018 — Azzad Asset Management President and CEO Bashar Qasem joined senior officials, scholars, and industry leaders in Bahrain for an international conference on Islamic finance organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Held in conjunction with the Central Bank of Bahrain, the event took place in Manama April 8-9. “Four decades ago, Islamic finance began as a set of reforms intended to place economics back on an ethical footing,” said Qasem, an AAOIFI member. “And now, thanks to organizations like AAOIFI, the industry has become the conscience of global capitalism, one
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Large cap growth, small cap growth, and real estate strategies excel across multiple categories and reporting periods Falls Church, Va., 2/20/18 – Azzad Asset Management today announced that three of its investment strategies have been recognized as “Top Guns” for time periods ending December, 2017. The firm’s large cap growth, small cap growth, and REIT (real estate investment trust) strategies received the distinction from Informa Investment Solutions’ PSN manager ranking database. This is a highly anticipated quarterly ranking that is widely used by asset managers and investors. “PSN Top Guns, which ranks products in six categories in over 50 universes,
Azzad joins Investor Alliance for Human Rights
New initiative will press corporations to uphold human rights Falls Church, Va., February 1, 2018 — Azzad Asset Management announced today that it has joined faith-based investing colleagues in an alliance to oppose rollbacks on regulations and to encourage policies for corporations that protect human rights. Launched by the Interfaith Center on Corporate Responsibility, the Investor Alliance for Human Rights (IAHR) provides a platform for collective action to protect human rights in the United States and internationally. The consortium participates in a range of investor actions to help businesses protect human rights, including investor letters, corporate engagements, and discussions with
