Press Releases
Shareholder Proposal Cites Potential Risks of Chatgpt During 2024 Elections
A group of Microsoft investors has filed a formal shareholder proposal calling on the company’s board to issue a report on the material risks of its generative artificial intelligence technology facilitating misinformation and disinformation, as well as assessing the effectiveness of Microsoft’s efforts to remediate those harms. The proposal raises concerns that AI tools such as ChatGPT “may dramatically increase misinformation and disinformation globally, posing serious threats to democracy and democratic principles,” citing numerous studies and reports alleging that ChatGPT “could be the most powerful tool in widely spreading misinformation.” With questions about defamation liability for AI-generated content still unresolved
Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions
Seven strategies excel again across multiple categories and reporting periods Azzad Asset Management announced today that seven of its investment strategies have again been awarded “Top Guns” designation by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This quarterly ranking is used widely by asset managers and investors. PSN Top Guns performance rankings are tabulated for thousands of strategies across 75 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars, indicating time period. The following Azzad investment portfolios were awarded Top Guns status: Large Cap Growth Large Cap
Azzad Asset Management clients to donate approximately $10 million in Ramadan
FALLS CHURCH, Va., April 3, 2023 — Azzad Asset Management announced today that its Muslim clients are expected to donate roughly $10 million during the month of Ramadan. In a statement, the firm said: Charity is essential to the proper practice of Islamic investing, and we hold ourselves to the highest standard when it comes to calculating accurate zakah amounts for our clients. We are proud to help our clients fulfill their religious obligations and are gratified to facilitate this sizeable donation to those in need. Zakah–sometimes spelled zakat–is an obligation that practicing Muslims pay on assets held for a full lunar
Azzad Wise Capital Fund wins 2023 Lipper Fund Award
Azzad CEO Bashar Qasem receives a 2023 Lipper Fund Award on March 23 in New York.