Press Releases
Interfaith Center on Corporate Responsibility welcomes Azzad to winter conference
NEW YORK, Feb. 3, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, joined representatives from Christian, Jewish, and other faith traditions this week for the Interfaith Center on Corporate Responsibility’s (ICCR) Winter Conference. Organized by ICCR to discuss shareholder advocacy efforts in the coming year, the event was held at the Interchurch Center on Riverside Drive in Manhattan. An Azzad representative was asked to deliver opening remarks during an interfaith reception on Tuesday, along with Christian and Jewish speakers. Those remarks focused on the subject of renewal, a theme selected by organizers to highlight the contribution of
Azzad finalizes gun-free investing policy
FALLS CHURCH, Virginia, Dec. 8, 2015 – Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it will formally refrain from investing in companies that manufacture the weapons that have been used in mass shootings and other gun violence in the United States. The firm’s investment committee identified three companies in particular that benefit from the sale of assault weapons: Smith & Wesson (ticker: SWHC), Sturm, Ruger & Company (ticker: RGR), and Olin (ticker: OLN). Both Smith & Wesson and Sturm, Ruger & Company manufacture versions of the assault rifle used in the latest mass shooting in San
Azzad participates in AAOIFI-World Bank conference on Islamic banking
MANAMA, Bahrain, Dec. 8, 2015 — A representative of Azzad Asset Management joined senior representatives from central banks, financial institutions, and regulators in the Kingdom of Bahrain for the annual Islamic banking and finance conference organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Held in conjunction with the World Bank and under the auspices of the Central Bank of Bahrain, the Dec. 6-7 event included talks on strategies to increase access to Islamic finance as well as the application of global standards in the sukuk (Islamic bond) industry. “With its focus on economic justice and inclusion, Islamic finance is
Azzad’s REIT strategy achieves ‘Top Gun’ rating
Falls Church, Va., 11/19/15 – Azzad Asset Management’s REIT (real estate investment trust) strategy was awarded the prestigious “Top Guns” distinction from Informa Investment Solutions’ PSN manager ranking database for the 3rd quarter, 1-year, and 3-year periods ended September 30, 2015. Achieving the Top Gun distinction means the Azzad REIT strategy is among the top 10 performers within one or more peer groups reporting to Informa, the longest running investment manager database in North America. The strategy ranked #1 out of 52 products and 41 firms in the REIT universe. The REIT strategy also finished in the top 10 for
