Press Releases

Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions

Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions

Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions Six strategies excel across multiple categories and reporting periods Falls Church, Va., 6/13/22 – Azzad Asset Management today announced that it has been awarded a PSN Top Guns distinction for the first quarter of 2022 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, allowing the investment industry to recognize success, excellence, and performance by leading portfolio managers each quarter. The following Azzad investment portfolios were singled out for distinction: Large Cap Growth

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Azzad Asset Management clients to donate more than $11 million in Ramadan

Azzad Asset Management clients to donate more than $11 million in Ramadan

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

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Azzad commends Apple shareholders for transparency vote

Azzad commends Apple shareholders for transparency vote

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.

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Azzad Asset Management announces 1st Islamic family trust in United States

Azzad Asset Management announces 1st Islamic family trust in United States

‘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

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