Press Releases
Stakeholders press energy companies doing business with Myanmar to address Rohingya crisis
Investors with more than $53 billion in assets sign letters calling for an end to ‘business as usual’ in light of military crackdown Falls Church, Va., 10/23/17 — A group of investors and stakeholders has called on energy companies doing business in Myanmar/Burma to reassess their dealings in light of that country’s brutal military crackdown on its ethnic Rohingya minority. Organized by the International Campaign for the Rohingya and Azzad Asset Management, letters signed by 31 investor organizations representing more than $53 billion in assets under management were sent to executives at six oil and gas companies, emphasizing the serious
Investor coalition asks Chevron to press Myanmar government for resolution to Rohingya crisis
Groups representing more than $30 billion in assets say ‘business as usual’ must end following government escalation of violence against minority population Falls Church, Va., 8/31/17 — Shareholders and other investor organizations delivered a letter to energy giant Chevron Corporation today, asking the company to use its leverage with the Myanmar government to end military violence against its Rohingya population. Chevron partners with a government entity in the country’s troubled western region where the military recently escalated a longstanding campaign against the minority group. The letter reads in part: “We believe that Chevron’s production sharing contract with the government-sponsored Myanma
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Large cap growth, small cap growth, and real estate strategies excel across multiple categories and reporting periods Falls Church, Va., 8/21/17 – Azzad Asset Management today announced that three of its investment portfolios have been recognized as “Top Guns” for time periods ending June 30, 2017. The firm’s large cap growth, small cap growth, and REIT (real estate investment trust) 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. “PSN Top Guns, which ranks products in six categories in over 50
American Muslim investors donate $4.6 million to charity for Ramadan
Azzad calculates zakah amounts for clients to meet Islamic investing requirements Falls Church, Va., June 14, 2017 — Azzad Asset Management, a socially responsible, faith-based investment firm, announced today that its Muslim clients are expected to donate a record amount of money this year in order to fulfill their religious obligation of giving in charity a certain percentage of their wealth. The company calculates that its clients will give approximately $3.9 million in zakah (mandatory charitable giving) and an additional $700,000 in purification dues, bringing the total to $4.6 million. In a statement, Azzad said: Charity is essential to the proper practice of Islamic investing,
