Press Releases
Azzad joins interfaith coalition asking SEC to reassess pay ratio rule
(Falls Church, Virginia, 3/22/17) — Azzad Asset Management has joined other faith-based organizations in signing a letter to the United States Securities and Exchange Commission (SEC) calling for the continuation of a rule requiring companies to disclose how much CEOs make compared to their employees. The pay ratio provision is part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; it requires publicly traded companies to disclose median employee compensation along with a ratio of how that compares to the chief executive’s pay–information that was previously inaccessible to shareholders. In February, acting SEC Chair Michael Piwowar announced that the
Azzad joins coalition asking CEOs to oppose Pres. Trump’s refugee and immigrant ban
(Falls Church, Va., 2/2/17) — Azzad Asset Management has joined other socially responsible investment institutions in signing a coalition letter to the 19 CEOs who are members of President Trump’s Strategic and Policy Forum, asking them to exercise their influence to oppose the president’s recent executive order barring refugees and certain immigrants from seven majority-Muslim countries. In addition to public outcry against the ban on humanitarian and constitutional grounds, many have pointed out the negative impact of barring international workers on the economy, including several of the CEOs on the presidential forum. Written by the International Corporate Accountability Roundtable, the
Azzad asks Alphabet to adopt Holy Land Principles
Falls Church, Va., 1/5/16 – Azzad Asset Management and a nonprofit organization focused on workers’ rights have filed shareholder resolutions with Alphabet (formerly Google), calling on the company to implement fair hiring practices with respect to the Arab Palestinian population working at its offices in Israel. Azzad co-filed in support of the lead filer, The Holy Land Principles, Inc., which was founded by Father Sean McManus, an activist who opposed British discrimination against Catholics in Northern Ireland in the 1980s. The Holy Land Principles are inspired by The MacBride Principles, which Fr. McManus used to advocate for fair employment in
First shareholder resolution on Rohingya presses Chevron on business ties to Burma government
Resolution asks oil giant to halt business with regimes engaged in genocide or crimes against humanity Falls Church, Va., 12/12/16 – A socially responsible investment firm and a Roman Catholic international religious congregation announced today that they have filed the first shareholder resolution focused on the persecuted Burmese Rohingya minority, calling on California-based Chevron Corporation to evaluate a policy of not doing business with governments that are believed to be engaged in genocide or crimes against humanity. Filed by Azzad Asset Management and the Ursuline Sisters of Tildonk, U.S. Province, the proposed resolution urges the oil giant to halt its
