Press Releases
Azzad asks pharma companies to reassess drug pricing
Socially responsible investment firm joins interfaith coalition to make health care more affordable Falls Church, Va., 12/5/16 – Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has submitted drug pricing proposals to Merck & Co. and Gilead Sciences, two major pharmaceutical companies that manufacture some of America’s most popular prescription drugs. The proposals request the companies’ boards of directors to issue a report listing the rates of price increases between 2010 and 2016, including the rationale for the price increases. Stockholders should be able to vote on the proposals during each company’s annual meeting next
Azzad stock portfolio earns ‘Top Guns’ status from Informa Investment Solutions
Falls Church, Va., 11/17/16 – Azzad Asset Management today announced that one of its investment portfolios has again been recognized with one of the asset management industry’s highest honors. The firm’s small-cap growth stock strategy was awarded “Top Guns” distinction from Informa Investment Solutions’ PSN manager ranking database for the 1-year period ending September 30, 2016. Achieving the Top Guns distinction means that the Azzad small-cap growth strategy is among the top 10 performers within one or more peer groups reporting to Informa, the longest running investment manager database in North America. In addition to top 10 performance in the
Azzad participates in 11th Annual AAOIFI-World Bank conference on Islamic finance
Manama, Kingdom of Bahrain, November 7, 2016 — Representatives from Azzad Asset Management joined leading scholars and senior officials from central banks, financial institutions, and regulators for an annual gathering on Islamic finance hosted by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Organized in cooperation with the World Bank and under the auspices of the Central Bank of Bahrain, the two-day conference focused on ways to grow the Islamic finance industry in a post-oil economy. Islamic finance has expanded in recent years to represent approximately $2 trillion in assets, and AAOIFI has established itself as the leading standard-setting
Azzad signs statement calling for reforms in Bangladesh manufacturing sector
Investor statement comes after September factory fire kills 35 workers FALLS CHURCH, VA – (October 27, 2016) – Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has joined a coalition of investors calling on multinational corporations to enact greater protections for factory workers in Bangladesh. This follows a September 10 boiler explosion at the Tampaco Foils Ltd. factory in Bangladesh, which resulted in a fire and building collapse that killed 35 people and injured more than 50 others. The call comes in the form of an investor statement organized by the Interfaith Center on Corporate Responsibility
