Press Releases
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., 8/21/17 – Azzad Asset Management today announced that three of its investment portfolios have been recognized as “Top Guns” for time periods ending June 30, 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
American Muslim investors donate $4.6 million to charity for Ramadan
Azzad calculates zakah amounts for clients to meet Islamic investing requirements Falls Church, Va., June 14, 2017 — Azzad Asset Management, a socially responsible, faith-based investment firm, announced today that its Muslim clients are expected to donate a record amount of money this year in order to fulfill their religious obligation of giving in charity a certain percentage of their wealth. The company calculates that its clients will give approximately $3.9 million in zakah (mandatory charitable giving) and an additional $700,000 in purification dues, bringing the total to $4.6 million. In a statement, Azzad said: Charity is essential to the proper practice of Islamic investing,
Chevron shareholders vote on business with genocide-complicit governments
Falls Church, Va., 5/31/17 — Shareholders of energy giant Chevron voted today on a proposal for the company to evaluate a policy of no longer doing business with countries believed to be complicit in genocide. The proposal focuses on the nation of Myanmar/Burma, whose military is accused of committing atrocities against the Rohingya ethnic minority. Because the vote tally was greater than three percent in favor, U.S. Securities and Exchange (SEC) rules allow the resolution to be resubmitted next year. Preliminary estimates showed that six percent of shareholders voted for the resolution, according to International Campaign for the Rohingya Executive
Azzad Again Named ‘Top Guns Manager’ by Informa Investment Solutions
Four socially responsible strategies receive top honors for first quarter 2017 Falls Church, Va., 5/17/17 – A leading faith-based asset manager has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Three of Azzad Asset Management’s strategies were among the top 10 performers within peer groups reporting to PSN, the longest-running investment manager database in North America. “We congratulate Azzad Asset Management on their distinction as a PSN Top Gun. This highly anticipated quarterly ranking recognizes elite performers on the leading investment manager database in North America and is widely used by institutional asset managers and investors
