Press Releases
Federated to sub-advise first US halal fixed-income fund
WASHINGTON, D.C., June 17, 2014 — Azzad Asset Management announced today the selection of Federated Investment Management Company, a subsidiary of Federated Investors, Inc., as sub-advisor for the Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal, socially responsible fixed-income mutual fund. “We understand the trust given to us as managers of this unique portfolio,” said Ihab Salib, Federated vice president and head of international fixed income, in a statement delivered at the National Press Club. “We look forward to bringing the knowledge and resources of Federated’s global fixed-income team and our firm’s more than half a century of investing
Azzad Wise Capital Fund wins 2014 Lipper Fund Award
FALLS CHURCH, Va., June 2, 2014 /PRNewswire/ — The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal, socially responsible fixed-income mutual fund, has won the 2014 Lipper Fund Award in the Global Bond (Sukuk) category for the one-year period ending 12/31/13. The Fund’s investment advisor, Azzad Asset Management, made the announcement at their offices in Falls Church, Virginia. In a statement, Azzad said: First, we would like to thank Lipper for this important recognition. Next, we accept this award on behalf of the Fund’s shareholders—those who have not wavered in their commitment to the Azzad mission. As part of
Azzad participates in 11th Harvard University Forum on Islamic Finance
Cambridge, Mass., April 30, 2014 — Representatives from Azzad Asset Management joined more than 300 scholars, practitioners, and regulators on the campus of Harvard University April 25-27 for a dialogue on Islamic finance in America. Held at the university’s law school, the 11th Forum on Islamic Finance focused on practical methods to introduce risk-sharing financial solutions, including cooperative financial services, to the US market. “We are pleased to represent Azzad at this important gathering of thought leaders,” said Azzad President and CEO Bashar Qasem. “As a long-time supporter of the Islamic Finance Project at Harvard University Law School and as a past
First US halal fixed-income mutual fund celebrates 4th anniversary
Shariah-compliant Azzad Wise Capital Fund lets American Muslims ‘invest with faith’ FALLS CHURCH, Va., April 21, 2014 — The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal, socially responsible fixed-income mutual fund turned four years old this month. Falls Church, Virginia-based Azzad Asset Management launched the interest-free fund in 2010. “It wasn’t easy to do, but we were determined to create a fixed-income solution for our clients who wanted to observe the tenets of their faith,” said Bashar Qasem, Azzad president and CEO, on starting the fund. “Today, the Azzad Wise Capital Fund has a following among retail investors
