Press Releases
Azzad Portfolios Achieve ‘Top Guns’ Designation from Informa Investment Solutions
Four portfolio strategies excel across multiple categories and reporting periods Azzad Asset Management announced today that four of its investment strategies have again been awarded “Top Guns” designation by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This quarterly ranking is used widely by asset managers and investors. PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars, indicating time period. The following Azzad investment portfolios were awarded Top Guns status: Large Cap Growth Large Cap
Financial Advisor Magazine names Azzad in 2023 RIA Survey and Ranking
Annual ranking of registered investment advisors includes more than 500 firms FALLS CHURCH, Virginia (July 25, 2023) – Azzad Asset Management has been named in Financial Advisor magazine’s 2023 RIA Ranking. The report is an annual survey that ranks registered investment advisors (RIAs) based on percentage growth in assets from the previous calendar year and is the premier industry ranking of independent RIA growth. FA‘s RIA Ranking is an independent listing produced by Financial Advisor magazine. It is based on data gathered by Financial Advisor from RIA firms. Neither the RIA firms nor their employees pay a fee to Financial Advisor to be included in the listing. The
Azzad Asset Management Announces Ownership Change
Virginia-based registered investment advisor now ‘100% employee owned’ (Falls Church, VA, July 18, 2023) — Azzad Asset Management announced today that it has concluded an asset sale in which existing non-employee owners of the company agreed to sell and transfer all ownership interests in Azzad to key employees of Azzad. The transaction, which closed on May 31, 2023, makes the company 100% employee owned. “We look forward to this new chapter in our company’s life,” said company founder and CEO Bashar Qasem. “This is an important milestone that positions Azzad for the future, allowing us to align interests and to
Shareholder Proposal Cites Potential Risks of Chatgpt During 2024 Elections
A group of Microsoft investors has filed a formal shareholder proposal calling on the company’s board to issue a report on the material risks of its generative artificial intelligence technology facilitating misinformation and disinformation, as well as assessing the effectiveness of Microsoft’s efforts to remediate those harms. The proposal raises concerns that AI tools such as ChatGPT “may dramatically increase misinformation and disinformation globally, posing serious threats to democracy and democratic principles,” citing numerous studies and reports alleging that ChatGPT “could be the most powerful tool in widely spreading misinformation.” With questions about defamation liability for AI-generated content still unresolved
