Press Releases
Azzad CEO Bashar Qasem takes part in 14th annual AAOIFI conference
Manama, Kingdom of Bahrain, April 7, 2015 — Bashar Qasem, President and CEO of Azzad Asset Management, joined leading scholars and representatives from global financial institutions in Bahrain last month for a two-day conference focused on the application of Islamic principles to international financial products and services. The event, which was held March 22-23 in Manama, was organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) under the auspices of the Central Bank of Bahrain. Organizers said that the conference provided a platform for discussing important issues focused on AAOIFI’s efforts to standardize the global Islamic finance
Azzad welcomes pope’s encyclical on the environment, social justice
(Falls Church, Va., 6/18/15) — Azzad Asset Management today welcomed Pope Francis’ encyclical calling for swift worldwide action to combat climate change, protect the environment, and move toward economic equality. In the encyclical released today, Laudato Si, the pope issues “an urgent invitation” to people of all faiths to reduce their consumption of resources and make changes in their daily lives in order to safeguard the earth for future generations. He calls for sweeping government and economic reforms to counter environmental destruction and economic injustice. In a statement, Azzad said: “Pope Francis has been a tireless advocate for social justice,
Interfaith Center on Corporate Responsibility welcomes 1st Islamic financial firm to its shareholder coalition
(New York, NY, 4/9/15) – Representatives from the Interfaith Center on Corporate Responsibility (ICCR) and Azzad Asset Management announced today that Azzad will join ICCR as its newest member—the first Islamic firm to be affiliated with the group. As the premier member organization focused on corporate social responsibility and environmental advocacy, ICCR leverages the influence of its shareowner members to enact change. Azzad’s addition to the growing list of members is a testament to ICCR’s universal appeal for collective action on issues of importance to people of all faiths. The two organizations expressed optimism about the opportunities this collaboration affords.
Azzad participates in AAOIFI-World Bank conference on Islamic finance
Manama, Kingdom of Bahrain, November 25, 2014 — Representatives from Azzad Asset Management joined leading scholars and senior representatives from central banks, financial institutions, and regulators from over 35 countries this month in the Kingdom of Bahrain for an annual conference on Islamic finance organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Organized in cooperation with the World Bank and under the auspices of the Central Bank of Bahrain, the conference focused on integrating Islamic finance into global reporting standards and its compatibility with the legal systems of non-Muslim majority countries, including those in the West. “As
