Press Releases
Azzad named ‘Best Islamic Asset Management Company in the Americas’
(Falls Church, Virginia, 8/28/13) – Azzad Asset Management has been named “Best Asset Management Company in the Americas” for the second year in a row by Islamic Finance News (IFN), according to the results of the 2013 Islamic Investor Poll. The poll is a comprehensive survey of the global Islamic asset management industry, asking institutional investors, sovereign wealth funds, and high net worth individuals to identify top talent in 12 categories. In a statement, Azzad said: We would like to thank the Islamic finance industry for this honor. Azzad remains committed to driving the growth of Islamic finance in the
Azzad representative to speak at 50th annual ISNA Convention
(Falls Church, Virginia, 8/27/13) – On Sunday, September 1, Azzad investment advisor Fatima Iqbal, CFP® will present at a panel on Islamic finance as part of the 50th annual Islamic Society of North America (ISNA) Convention in Washington, DC. Her session will focus on the Islamic understanding of endowments and how trustees can position legacy investments for long-term growth. Part of Iqbal’s remarks will focus on the Azzad Wise Capital Fund (NASDAQ: WISEX), an Islamic international income fund with characteristics similar to alternative assets often sought by endowments. The Fund, which invests primarily in overseas Islamic bank deposits and Sukuk,
Kayne Anderson Rudnick to manage strategy for Azzad Ethical Wrap Program
(Falls Church, Virginia, 8/14/13) — Azzad Asset Management today announced an agreement with Kayne Anderson Rudnick Investment Management (KAR) to add the Los Angeles-based company to its lineup of institutional money managers. KAR serves as portfolio manager for the small-cap growth strategy in the Azzad Ethical Wrap Program effective August 1. The firm’s selection of KAR comes after an exhaustive due diligence and talent search process. Azzad ensures that all prospective managers agree to comply with their socially responsible Islamic investment process, in addition to confirming that they are able to meet strict performance and stock selection criteria. Azzad’s analysts
Azzad meets with South African ambassador about Islamic finance
(Falls Church, Virginia, 7/24/13) – Representatives from Azzad Asset Management met today with His Excellency Ebrahim Rasool, Ambassador of the Republic of South Africa to the United States, at his offices in Washington, D.C. Azzad requested the meeting to discuss potential investment in South Africa as part of the portfolio held by the Azzad Wise Capital Fund. The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal fixed-income mutual fund, invests in Sukuk, or asset-based Islamic bonds, as well as deposits and notes from Islamic banks that comply with specific socially responsible and halal financial guidelines. In recent years,
