Press Releases

Azzad Asset Management Announces Ownership Change
Virginia-based registered investment advisor now ‘100% employee owned’ (Falls Church, VA, July 18, 2023) — Azzad Asset Management announced today that it has concluded an asset sale in which existing non-employee owners of the company agreed to sell and transfer all ownership interests in Azzad to key employees of Azzad. The transaction, which closed on May 31, 2023, makes the company 100% employee owned. “We look forward to this new chapter in our company’s life,” said company founder and CEO Bashar Qasem. “This is an important milestone that positions Azzad for the future, allowing us to align interests and to

Shareholder Proposal Cites Potential Risks of Chatgpt During 2024 Elections
A group of Microsoft investors has filed a formal shareholder proposal calling on the company’s board to issue a report on the material risks of its generative artificial intelligence technology facilitating misinformation and disinformation, as well as assessing the effectiveness of Microsoft’s efforts to remediate those harms. The proposal raises concerns that AI tools such as ChatGPT “may dramatically increase misinformation and disinformation globally, posing serious threats to democracy and democratic principles,” citing numerous studies and reports alleging that ChatGPT “could be the most powerful tool in widely spreading misinformation.” With questions about defamation liability for AI-generated content still unresolved

Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions
Seven strategies excel again across multiple categories and reporting periods Azzad Asset Management announced today that seven of its investment strategies have again been awarded “Top Guns” designation by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This quarterly ranking is used widely by asset managers and investors. PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars, indicating time period. The following Azzad investment portfolios were awarded Top Guns status: Large Cap Growth Large Cap

Azzad Asset Management clients to donate approximately $10 million in Ramadan
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
Latest Press Releases
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Azzad Asset Management named to CNBC FA 100
September 12, 2023 Press Releases