Press Releases
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
Azzad meets with US, Arab diplomats at 2nd annual State Department ambassadors forum
One-on-one talks focus on Islamic finance, investment between US and MENA region (Washington, DC, 3/17/14) – On Thursday, March 13, 2014, representatives from Azzad Asset Management met with a delegation of US and Arab ambassadors at State Department offices in downtown Washington, D.C. Sponsored by the National U.S.-Arab Chamber of Commerce (NUSACC) and the U.S. Department of State, the forum convened business leaders and diplomats from the Middle East and North Africa (MENA) region to promote trade and investment. In her opening address to attendees, Assistant Secretary of State for Near Eastern Affairs Anne Patterson recognized the importance of economic
Azzad analysis featured in 2014 Thomson Reuters Sukuk Report
Paper focuses on challenges and opportunities of investing in global Islamic bonds (Falls Church, Virginia, 12/3/13) – An analysis of the international sukuk market prepared by Azzad Asset Management has been published in the 2014 Thomson Reuters Sukuk Perceptions and Forecast Study. The research paper, which focuses on sukuk investing from a practitioner’s perspective, was produced by Azzad’s fixed-income research team. “We often hear about the theoretical application of sukuk investing and Islamic finance in general,” said Azzad analyst Ahsan Raheem, CFA, the paper’s lead author. “Our analysis highlights some of the practical issues facing sukuk investors. They come from
Azzad Wise Capital Fund Celebrates 3rd Anniversary
FALLS CHURCH, Va., April 23, 2013 — The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first fixed-income mutual fund that invests in sukuk, turned three years old in April. It is categorized as a short-term bond fund and is designed for capital preservation and income. “We’re pleased to see continued interest in our socially responsible investment approach,” says Bashar Qasem, president and CEO of the fund’s investment advisor, Azzad Asset Management. “And investors are telling us that they appreciate a fund that allows them exposure to both emerging markets and an alternative asset class.” The Azzad Wise Capital Fund invests
