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Azzad Asset Management - Halal Investments, business retirement plans, manage your endowment, Financial Planning, Wealth Management, Retirement Accounts, Zakah Calculation, Estate Planning

Press Releases

FALLS CHURCH, Va., April 3, 2023 -- Azzad Asset Management announced today that its Muslim clients are expected to donate roughly $10 million during the month of Ramadan. In a statement, the firm said: Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the highest standard when it comes to calculating accurate zakah amounts for our clients. We are proud to help our clients fulfill their religious obligations and are gratified to facilitate this sizeable donation to those in need. Zakah--sometimes spelled zakat--is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. Azzad calculates and reports to clients each Ramadan the amounts that should be given in charity. Although there is no prescribed time to give zakah, many Muslims, including Azzad clients, choose to pay zakah during the holy month of Ramadan, which began this year on March 23. The third pillar of Islam, zakah is assessed on accumulated wealth in order to help those in need. Zakah is not a tax on income; it is instead applied to wealth and savings to encourage the free flow of capital and avoid a concentration of resources among the very few. Azzad follows best practices and guidelines on zakah calculation issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). AAOIFI is a nonprofit consortium of Muslim scholars who convene to issue guidelines on halal investing and other financial matters. AAOIFI Standard Number 35, which outlines specific guidance on zakah, is considered the authority for Islamic financial services firms. About Azzad Asset Management Azzad Asset Management provides investment management and financial planning services designed to help clients align their financial lives with their Islamic values. The firm is based in Falls Church, Virginia.

Azzad Asset Management clients to donate approximately $10 million in Ramadan

FALLS CHURCH, Va., April 3, 2023 — Azzad Asset Management announced today that its Muslim clients are expected to donate roughly $10 million during the month of Ramadan. In a statement, the firm said: Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the highest standard when it comes to calculating accurate zakah amounts for our clients. We are proud to help our clients fulfill their religious obligations and are gratified to facilitate this sizeable donation to those in need.  Zakah–sometimes spelled zakat–is an obligation that practicing Muslims pay on assets held for a full lunar

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Azzad Asset Management April 3, 2023 9:00 am
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions

Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions

Five strategies excel again across multiple categories and reporting periods Azzad Asset Management announced today that five 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 Value Small Cap

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Azzad Asset Management March 1, 2023 2:25 pm
Shareholder coalition withdraws transparency proposal in light of Apple’s plans

Shareholder coalition withdraws transparency proposal in light of Apple’s plans

A coalition of investor advocates led by Azzad Asset Management withdrew a shareholder proposal this month after reaching an agreement with Apple Inc. regarding the company’s plan to improve its transparency reports and specifically add clarity around the removal of applications from its app store in response to government requests. The proposal raised concerns about freedom of speech concerning reports of apps being taken down in China, and requested that Apple expand its transparency reporting to provide clear explanations for app removals, and the number of app removals by removal category. Apple has pledged to address these concerns by significantly

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Azzad Asset Management January 13, 2023 11:08 am

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The services and products described on this website are intended to be made available only to U.S. persons. This website does not constitute an offer or solicitation by Azzad of securities or services to any person residing outside the United States or in any jurisdiction in which such an offer or solicitation would be unlawful under the applicable laws. Before becoming a client, please read our firm’s Part 2A of form ADV (“Part 2”), Appendix 1 of the Firm Brochure (“Wrap Brochure”), your representative’s Part 2B if applicable, and our Part 3 CRS Form. If you are an ERISA client, you should also read our Section 408(b)(2) disclosure. These and other important disclosures can be mailed to you by calling 888.862.9923.

Please consider a fund’s objectives, risks, charges and expenses carefully before you invest. The prospectus contains this and other important information. For a hard copy, please call 1-888-350-3369. Please read the prospectus carefully before investing or sending money. Nothing on this website should be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful. The Azzad Funds are self-distributed; Azzad Asset Management serves as the investment adviser.

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