Press Releases
Azzad Welcomes Greiner as Lead Portfolio Manager for Azzad Ethical Fund
(Falls Church, Virginia, 6/5/13) Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, announced that Christian Greiner has assumed day-to-day portfolio manager duties for the Azzad Ethical Fund (NASDAQ: ADJEX). Greiner’s promotion to lead portfolio manager comes after former manager Joseph Pappo retired from the fund’s sub-advisory firm, Ziegler Lotsoff Capital Management (ZLCM), in May. Greiner, who has been with ZLCM since 2003, has a long history with the fund, providing fundamental research for the portfolio management team and participating in the stock selection decision making process. He has also worked on the quantitative
Azzad Wise Capital Fund Now on Schwab’s Mutual Fund OneSource® Platform
(Falls Church, Virginia, 5/30/13) – The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal, socially responsible fixed-income mutual fund is now available to investors through the Mutual Fund OneSource® program offered by Charles Schwab and Co., Inc. The fund invests in sukuk, or asset-backed Islamic bonds, as well as deposits and notes from Islamic banks that comply with specific socially responsible and halal financial guidelines. “We continue to work with our strategic partners to make sure the fund is available to everyone who wants it, however they want it,” said Azzad Asset Management President and CEO Bashar Qasem, whose
Azzad representative to speak about Islamic finance on May 26
(Falls Church, Virginia, 5/22/13) – This Sunday, May 26th, Fatima Iqbal, CFP®, an investment advisor with Azzad Asset Management, will present at a panel on Islamic finance as part of the 38th annual ICNA-MAS Convention in Hartford, Connecticut. Her session will focus on the innovation of halal fixed-income investing in the United States and how investors can diversify their portfolios using Islamic alternatives to traditional, interest-bearing fixed-income products. Part of Iqbal’s remarks will focus on the Azzad Wise Capital Fund (NASDAQ: WISEX), an Islamic alternative to a conventional short-term bond fund. The Fund, which invests primarily in Islamic bank deposits
Azzad Hosts Leader in Turkish Finance
(Falls Church, Virginia, 5/6/13) – Azzad Asset Management recently hosted Dr. Mehmet Yesilyaprak of Turkiye Finans Bank at its headquarters in suburban Washington, D.C. Yesilyaprak gave the Azzad staff an update on the banking sector in Turkey and met afterwards with Azzad management to discuss areas of future collaboration. The Azzad Wise Capital Fund (NASDAQ: WISEX), America’s first halal fixed-income mutual fund, invests in deposits and notes from Turkiye Finans Bank, among other Islamic banks that comply with specific socially responsible and halal financial guidelines. The Fund also invests in sukuk, or asset-backed Islamic bonds. As of March 31, 2013,
