Press Releases
Two Azzad portfolios achieve ‘Top Guns’ status from Informa Investment Solutions
Falls Church, Va., 5/19/16 – Azzad Asset Management today announced that its investment portfolios have been recognized with one of the asset management industry’s highest honors. The firm’s REIT (real estate investment trust) strategy and small-cap growth stock strategy were awarded “Top Guns” distinction from Informa Investment Solutions’ PSN manager ranking database for the first quarter and 1-year periods ending March 31, 2016. Additional recognition was given to the Azzad REIT strategy for the 3-year period. This is a highly anticipated quarterly ranking and is widely used by institutional asset managers and investors. “The PSN Top Guns ranks products in
Azzad participates in 25th anniversary AAOIFI conference
MADINAH, Saudi Arabia, May 6, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, joined senior officials, scholars, and industry leaders in Saudi Arabia for an international conference on promoting the Islamic economy organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Held in conjunction with the Saudi Capital Market Authority, the May 4-5 event was hosted by Taiba University in the city of Madinah. “Four decades ago, Islamic finance began as a set of reforms intended to curb the excesses of the free market system,” said AAOIFI member and Azzad CEO Bashar Qasem, CSAA, who attended the
Azzad renews appeal to apparel makers to protect worker rights
FALLS CHURCH, VA, April 25, 2016 — Azzad Asset Management, a faith-based socially responsible investment firm and investment advisor to the Azzad Funds, reiterated today its call for ongoing reforms in the Bangladesh garment sector, three years after an eight-story factory collapsed in the capital of Dhaka killing more than 1,100 workers and injuring 2,500. The firm said in a statement: “In the wake of the largest garment factory accident in history, we have made only marginal progress toward a culture of safety and respect for worker rights in Bangladesh. The reforms that have been achieved, though admirable, have been
Azzad joins call to investigate ExxonMobil over climate change
FALLS CHURCH, VA, April 6, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has added its voice to a growing campaign to investigate whether Exxon Mobil Corp. intentionally misled the public and its shareholders about the risks of climate change. In April, a group of socially responsible investment managers, including Azzad, sent a letter to the United States Department of Justice calling for an investigation. It read in part: “Recent reports have shown that Exxon knew about the threat of climate change decades ago. Yet over the course of nearly forty years, the
