Press Releases
Financial Advisor Magazine names Azzad in 2018 RIA Survey and Ranking
FALLS CHURCH, Virginia (July 25, 2018) – Azzad Asset Management has been named in Financial Advisor magazine’s 2018 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. RIA Ranking is based on data gathered by Financial Advisor from RIA firms. To be eligible for the ranking, firms must have had at least $50 million in assets under management as of December 31,
American Muslim investors to donate $5.6 million to charity in Ramadan
Falls Church, Virginia, June 6, 2018 – Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today that its Muslim clients are expected to donate approximately $5.6 million to charity during the holy month of Ramadan. The figure is the highest since Azzad began providing this calculation in 2005. In a statement, Azzad said: “We are once again proud to help our clients fulfill their religious obligations and are gratified to facilitate the donation of more than $5.6 million to those in need. Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the
Chevron shareholders vote on cutting business ties with genocide-complicit governments
Chevron shareholders voted today on a resolution to evaluate a policy of cutting business ties with governments engaged in genocide or crimes against humanity. Filed by seven socially responsible investing organizations, the proposal cites specifically the nation of Myanmar, whose military stands accused of committing atrocities against the Rohingya ethnic minority. Chevron is the largest U.S. corporate investor in Myanmar (Burma). In partnership with Total of France and the government-owned Myanma Oil and Gas Enterprise (MOGE), Chevron owns the Yadana gas field and pipeline that generates billions of dollars in revenue for the government of Myanmar. In March 2015, Chevron
Azzad CEO participates in AAOIFI conference on Islamic finance
Falls Church, Va., 4/26/2018 — Azzad Asset Management President and CEO Bashar Qasem joined senior officials, scholars, and industry leaders in Bahrain for an international conference on Islamic finance organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Held in conjunction with the Central Bank of Bahrain, the event took place in Manama April 8-9. “Four decades ago, Islamic finance began as a set of reforms intended to place economics back on an ethical footing,” said Qasem, an AAOIFI member. “And now, thanks to organizations like AAOIFI, the industry has become the conscience of global capitalism, one
