Press Releases
Chevron shareholders vote on business with genocide-complicit governments
Falls Church, Va., 5/31/17 — Shareholders of energy giant Chevron voted today on a proposal for the company to evaluate a policy of no longer doing business with countries believed to be complicit in genocide. The proposal focuses on the nation of Myanmar/Burma, whose military is accused of committing atrocities against the Rohingya ethnic minority. Because the vote tally was greater than three percent in favor, U.S. Securities and Exchange (SEC) rules allow the resolution to be resubmitted next year. Preliminary estimates showed that six percent of shareholders voted for the resolution, according to International Campaign for the Rohingya Executive
Azzad Again Named ‘Top Guns Manager’ by Informa Investment Solutions
Four socially responsible strategies receive top honors for first quarter 2017 Falls Church, Va., 5/17/17 – A leading faith-based asset manager has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Three of Azzad Asset Management’s strategies were among the top 10 performers within peer groups reporting to PSN, the longest-running investment manager database in North America. “We congratulate Azzad Asset Management on their distinction as a PSN Top Gun. This highly anticipated quarterly ranking recognizes elite performers on the leading investment manager database in North America and is widely used by institutional asset managers and investors
Azzad Ethical Fund becomes first halal enhanced index fund in U.S.
(Falls Church, VA, May 15, 2017) — Investment advisor Azzad Asset Management has announced a new investment strategy for its mid-cap growth Azzad Ethical Fund (ticker: ADJEX) that makes it the first halal mid-cap enhanced index fund in the United States. Launched in 2000, ADJEX is an ethically screened mid-cap growth mutual fund sub-advised by Chicago-based Ziegler Capital Management. Last month, Ziegler and Azzad implemented an adjusted investment strategy for the fund that increases the number of stocks in the fund and reduces its expected tracking error. “We still hold more of stocks we believe have the potential to outperform,
Azzad joins interfaith investor group seeking worker protections in Bangladesh factories
Shareholder advocates continue call for garment industry safety regulations on 4th anniversary of Rana Plaza disaster FALLS CHURCH, VA, April 25, 2017 – Socially responsible investment firm Azzad Asset Management yesterday marked the fourth anniversary of the largest garment factory accident in history, renewing an interfaith appeal to apparel makers to enact meaningful change in worker and building safety regulations. The appeal comes from the Interfaith Center on Corporate Responsibility, a coalition of shareholder advocates. The April 2013 collapse of the eight-story Rana Plaza factory building in Dhaka, Bangladesh, killed more than 1,100 workers and injured another 2,600. The resulting
