Press Releases
Azzad calls for DOL to reinforce shareholder rights for pension plans
FALLS CHURCH, Va., March 22, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, announced today that it has joined a coalition of socially responsible financial firms in calling for the U.S. Department of Labor (DOL) to rescind a bulletin that undermines the exercise of shareholder rights by fiduciaries. Organized by the Forum for Sustainable and Responsible Investment (US SIF), of which Azzad is a member, the campaign is intended to persuade the DOL to explicitly permit retirement plan sponsors to address sustainability concerns by engaging directly with publicly traded companies in which they invest. The group argues that
Azzad Wise Capital Fund increases social impact with trade finance investments
(FALLS CHURCH, Va., February 23, 2016) – Azzad Asset Management today announced that it has further magnified the social impact of its flagship mutual fund by adding investments in ethical trade finance deals. These investments may provide returns for investors while helping underserved populations in Asia and Africa obtain reasonable financing to grow businesses and cooperatives. The Azzad Wise Capital Fund (WISEX) is the first halal fixed-income fund in the United States. By investing primarily in sukuk and community development banks, it can provide an alternative fixed-income investment option that contributes to social development without dealing in interest-based transactions. Through
Azzad real estate strategy ranked #1 again
Falls Church, Va., 2/17/16 – Azzad Asset Management today announced that it has again been recognized with one of the institutional asset management industry’s highest honors. The firm’s REIT (real estate investment trust) strategy was awarded “Top Guns” distinction from Informa Investment Solutions’ PSN manager ranking database for the fourth quarter, 1-year, and 3-year periods ending December 31, 2015. “The PSN Top Guns ranks products in six proprietary star categories in over 50 universes,” said Leno Toich, managing director of Informa Investment Solutions. “This data-driven award recognizes elite performers on the leading investment manager database in North America and provides
Interfaith Center on Corporate Responsibility welcomes Azzad to winter conference
NEW YORK, Feb. 3, 2016 — Azzad Asset Management, investment advisor to the Azzad Funds, joined representatives from Christian, Jewish, and other faith traditions this week for the Interfaith Center on Corporate Responsibility’s (ICCR) Winter Conference. Organized by ICCR to discuss shareholder advocacy efforts in the coming year, the event was held at the Interchurch Center on Riverside Drive in Manhattan. An Azzad representative was asked to deliver opening remarks during an interfaith reception on Tuesday, along with Christian and Jewish speakers. Those remarks focused on the subject of renewal, a theme selected by organizers to highlight the contribution of
