Press Releases
Interfaith Center on Corporate Responsibility welcomes 1st Islamic financial firm to its shareholder coalition
(New York, NY, 4/9/15) – Representatives from the Interfaith Center on Corporate Responsibility (ICCR) and Azzad Asset Management announced today that Azzad will join ICCR as its newest member—the first Islamic firm to be affiliated with the group. As the premier member organization focused on corporate social responsibility and environmental advocacy, ICCR leverages the influence of its shareowner members to enact change. Azzad’s addition to the growing list of members is a testament to ICCR’s universal appeal for collective action on issues of importance to people of all faiths. The two organizations expressed optimism about the opportunities this collaboration affords.
Azzad participates in AAOIFI-World Bank conference on Islamic finance
Manama, Kingdom of Bahrain, November 25, 2014 — Representatives from Azzad Asset Management joined leading scholars and senior representatives from central banks, financial institutions, and regulators from over 35 countries this month in the Kingdom of Bahrain for an annual conference on Islamic finance organized 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 conference focused on integrating Islamic finance into global reporting standards and its compatibility with the legal systems of non-Muslim majority countries, including those in the West. “As
Azzad participates in 4th annual Responsible Investor conference
(Falls Church, Virginia, 10/22/14) – Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, spoke at the 4th annual “ESG in Manager Selection and Monitoring” conference on October 21st. Held at the SUNY Global Center in New York City, the event brought together portfolio managers, analysts, investment officers, and others to discuss ESG (environmental, social, and governance) factors and their impact on asset management mandates and measurement. Azzad participated in a special session on faith-based investing, which offered insight into the role that religion can play in asset management, along with ways
New white paper outlines performance of Islamic investment strategies
(Falls Church, Virginia, 9/16/14) – Azzad Asset Management today announced the release of a white paper detailing the impact of halal investing guidelines on investment performance. Examining historical data over the last two decades, the white paper offers evidence that Shari’ah-screened indices, which favor industries like information technology and health care and exclude financial services, can outperform their broad-based conventional counterparts over the long term. “We are often asked how Islamic investment criteria might affect portfolio performance,” said Azzad investment advisor and co-author Omar Ezz, CFP®. “This research sheds some light on that subject. We think stakeholders and interested parties
