Press Releases
Azzad joins call to investigate ExxonMobil over climate change
FALLS CHURCH, VA, April 6, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has added its voice to a growing campaign to investigate whether Exxon Mobil Corp. intentionally misled the public and its shareholders about the risks of climate change. In April, a group of socially responsible investment managers, including Azzad, sent a letter to the United States Department of Justice calling for an investigation. It read in part: “Recent reports have shown that Exxon knew about the threat of climate change decades ago. Yet over the course of nearly forty years, the
Azzad calls for DOL to reinforce shareholder rights for pension plans
FALLS CHURCH, Va., March 22, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has joined a coalition of socially responsible financial firms in calling for the U.S. Department of Labor (DOL) to rescind a bulletin that undermines the exercise of shareholder rights by fiduciaries. Organized by the Forum for Sustainable and Responsible Investment (US SIF), of which Azzad is a member, the campaign is intended to persuade the DOL to explicitly permit retirement plan sponsors to address sustainability concerns by engaging directly with publicly traded companies in which they invest. The group argues that
Azzad Wise Capital Fund increases social impact with trade finance investments
(FALLS CHURCH, Va., February 23, 2016) – Azzad Asset Management today announced that it has further magnified the social impact of its flagship mutual fund by adding investments in ethical trade finance deals. These investments may provide returns for investors while helping underserved populations in Asia and Africa obtain reasonable financing to grow businesses and cooperatives. The Azzad Wise Capital Fund (WISEX) is the first halal fixed-income fund in the United States. By investing primarily in sukuk and community development banks, it can provide an alternative fixed-income investment option that contributes to social development without dealing in interest-based transactions. Through
Azzad real estate strategy ranked #1 again
Falls Church, Va., 2/17/16 – Azzad Asset Management today announced that it has again been recognized with one of the institutional asset management industry’s highest honors. The firm’s REIT (real estate investment trust) strategy was awarded “Top Guns” distinction from Informa Investment Solutions’ PSN manager ranking database for the fourth quarter, 1-year, and 3-year periods ending December 31, 2015. “The PSN Top Guns ranks products in six proprietary star categories in over 50 universes,” said Leno Toich, managing director of Informa Investment Solutions. “This data-driven award recognizes elite performers on the leading investment manager database in North America and provides
