Press Releases
Informa Investment Solutions Names Five Azzad Portfolios to ‘Top Guns’ Status
FALLS CHURCH, Virginia, 5/19/20 — Azzad Asset Management today announced that five of its investment portfolios have been recognized as “Top Guns” by Informa Investment Solutions, a leading financial data provider. The firm’s Small Cap Growth, Small Cap Value, Mid Cap Growth, Mid Cap Value, and Dividend strategies were each named to Informa Investment Solutions’ PSN manager ranking database for time periods ending March 31, 2020. PSN Top Guns ranks products in six categories in more than 50 universes and is a resource for institutional asset managers and investors in their decision-making process. Achieving the Top Guns distinction means that the
Azzad clients to donate $6.7 million in charity from investment accounts this Ramadan
Firm encourages giving zakah to non-profit organizations hurt by coronavirus pandemic FALLS CHURCH, Virginia, 5/5/20 — Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today that its Muslim clients are expected to donate approximately $6.7 million in zakah-related charity during the holy month of Ramadan. Zakah–sometimes spelled zakat–is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. Purification dues, which are another category specifically for Islam-compliant investments, are also calculated by Azzad. Both figures are reported to clients on a consolidated zakah and purification statement sent each Ramadan. This year’s
Seven Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Record number of strategies excel across multiple categories and reporting periods FALLS CHURCH, Virginia, 2/20/20 — Azzad Asset Management today announced that it has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This is a highly anticipated quarterly ranking that is widely used by asset managers and investors. Achieving the Top Guns distinction means that Azzad’s investment strategies are among the top 10 performers within one or more peer groups reporting to Informa. The following Azzad portfolios–a record seven in total–were singled out for recognition: Large-Cap
Azzad announces DiMeo Schneider as new OCIO
Falls Church, Va., 1/31/20 — Azzad Asset Management announced today the selection of DiMeo Schneider, a nationwide investment consulting firm, as the firm’s first outsourced chief investment officer (OCIO). “We are thrilled to partner with Azzad and supplement its existing investment research efforts,” said DiMeo Schneider’s Joe Cortese, Principal and Senior Consultant. “Our platform allows us to function as a true partner, bringing the best of DiMeo Schneider’s deep resources and intellectual capital to bear for Azzad and its clients.” As a registered investment advisor, Azzad has a fiduciary responsibility to its clients. In keeping with the obligation to act
