Press Releases
Azzad participates in 4th annual Responsible Investor conference
(Falls Church, Virginia, 10/22/14) – Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, spoke at the 4th annual “ESG in Manager Selection and Monitoring” conference on October 21st. Held at the SUNY Global Center in New York City, the event brought together portfolio managers, analysts, investment officers, and others to discuss ESG (environmental, social, and governance) factors and their impact on asset management mandates and measurement. Azzad participated in a special session on faith-based investing, which offered insight into the role that religion can play in asset management, along with ways
New white paper outlines performance of Islamic investment strategies
(Falls Church, Virginia, 9/16/14) – Azzad Asset Management today announced the release of a white paper detailing the impact of halal investing guidelines on investment performance. Examining historical data over the last two decades, the white paper offers evidence that Shari’ah-screened indices, which favor industries like information technology and health care and exclude financial services, can outperform their broad-based conventional counterparts over the long term. “We are often asked how Islamic investment criteria might affect portfolio performance,” said Azzad investment advisor and co-author Omar Ezz, CFP®. “This research sheds some light on that subject. We think stakeholders and interested parties
Purification calculator helps investors avoid unethical profits
(Falls Church, Virginia, 8/13/14) – Azzad Asset Management today announced the launch of an online tool intended to help American Muslims observe halal investing guidelines. Using input provided by shareholders of the Azzad Mutual Funds, an online purification calculator will provide a user-specific dollar amount that represents unintentional earnings that were potentially derived from religiously impermissible sources (e.g., interest income). Purification totals are calculated on a per share basis using Azzad’s methodology for calculating unethical income. Azzad advises shareholders to give the indicated amounts to the charity or charities of their choice in order to avoid profiting from any activities
Azzad clients expected to donate a record $3 million to charity this Ramadan
(Falls Church, Virginia, 7/10/14) – Azzad Asset Management announced today that it has mailed annual Zakah and purification totals to clients. Observant Muslims will use the calculated figures to fulfill their charitable giving obligations for the year. Assuming clients donate the amounts reported on their statements, Azzad representatives say that approximately $3 million will be donated to charitable causes in the United States and abroad. In a statement, Azzad said: “Zakah and purification are essential to the proper practice of halal investing, and we hold ourselves to the highest standard when it comes to calculating accurate amounts for our clients.
