Press Releases
Azzad clients to give away $6.7 million in zakah this Ramadan
Falls Church, Va., May 20, 2019 — 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 charity during the holy month of Ramadan. Azzad reports Islamically mandated charitable totals, or zakah, to clients in an annual statement issued during the month of Ramadan. Many Muslims choose to pay zakah during Ramadan–a month of fasting, worship, and giving–which began this year on May 6. The firm is an advocate of Islamic investing principles, including zakah calculation, and regularly educates the American Muslim community on the topic. The third pillar of
Google employees, Alphabet shareholders push for accountability
Mountain View, CA, May 16, 2019: Ahead of Google’s annual shareholder meeting on June 19, Google employees, shareholders, and community stakeholders today launched a joint effort to push for corporate accountability on major concerns regarding harassment and discrimination, human rights, corporate governance, and diversity and inclusion. This year, a record number of shareholders of Google’s parent company Alphabet have filed proposals concerning working conditions and ethics as Googlers brought these issues to light. Google employees and shareholders are urging shareholders to support critical shareholder resolutions, including: Proposal #5: A proposal to ban forced non-disclosure agreements (NDAs) in harassment and discrimination
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Large and small growth strategies excel across multiple categories and reporting periods Falls Church, Virginia, May 16, 2019 — Azzad Asset Management today announced that two of its investment portfolios have been recognized as “Top Guns” performers for time periods ending March 31, 2019. The firm’s large cap growth and small cap growth strategies received the distinction from Informa Investment Solutions’ PSN manager ranking database. This is a highly anticipated quarterly ranking that is widely used by asset managers and investors. Achieving the Top Guns distinction means that the Azzad strategies are among the top 10 performers within one or
Azzad commends Chevron’s work on Myanmar
Activist investors withdraw human rights shareholder resolution following ‘constructive dialogue’ Falls Church, Virginia, April 11, 2019 — A coalition of socially responsible investors led by Azzad Asset Management announced today that it has withdrawn a shareholder resolution filed with Chevron Corporation. The proposal pushed the energy giant to evaluate its business with governments engaged in conflict areas. This announcement follows a years-long dialogue between concerned stakeholders and the oil and gas company, which has operations globally, including in regions experiencing internal strife. The resolution, which was filed by Azzad for a third time last year, asks Chevron to evaluate a policy of
