Azzad Asset Management is a faith-based socially responsible investment firm offering halal investment portfolios and mutual funds, financial planning, and retirement plans for individuals and businesses of all sizes.
The Azzad Difference
The portfolios: Azzad manages eight stock portfolios and two mutual funds in these asset classes: large-cap growth and value, mid-cap growth and value, small-cap growth and value, international, dividends, real estate investment trusts (REITs), and halal fixed income.
The money managers: Our portfolios and mutual funds are managed by an array of experienced portfolio management teams at institutional management companies that specialize in their asset classes. Essentially, Azzad maintains the halal screening process and the portfolio managers do the stock picking within those parameters.
How it’s halal: All potential investments are screened using Azzad’s proprietary software, which follows halal investing guidelines established by AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions). [Learn more about our halal screens and our Shariah advisory board.]
Zakah and purification: For our Muslim clients, Azzad calculates zakah and purification totals on your accounts and informs you of the amount each year for you to pay to charities of your choice. Paying purification and zakah dues is an important part of halal investing.
Featured White Paper
April Market Recap
April was marked by the impending tariff war between the United States and China. Tensions between the world’s two largest economies certainly affected stocks both home and abroad. Escalating strife in Syria posed an additional reason for investors to be concerned. However, surging energy stocks lifted the market as crude oil prices approached $70 per barrel for the first time in almost three years. Talks between North and South Korea also helped ease investor tensions. By the close of April, the dollar reached its highest level since January, while yields on 10-year Treasuries approached 3.0% for the first time since 2014 — signs that the world views U.S. economic growth as on the rise.
Azzad is a member of
Register for our free zakah webinar with live Q&A
Thursday, May 31 at 1 p.m. Eastern
This webinar is for you if you wonder:
- On what kinds of assets should I pay zakah?
- Do I owe zakah on my 401(k) and IRAs? What about education savings accounts?
- Should I calculate zakah the same way for real estate and rental properties?
- Can I deduct my mortgage and other debt before I pay zakah?
- Can I take a tax deduction on money I paid in zakah?
NEW TAX LAW
Tax Cuts and Jobs Act:
Changes for Individuals and Families
A brief summary of some of the bigger changes for individuals in the new tax law for 2018. This video discusses the new tax brackets, deduction amounts, Child Tax Credit changes, mortgage deductions, the individual mandate for health insurance, and more.
Azzad’s Ethical Investing Process
Azzad follows ethical investing criteria based on Islamic principles of economic and social justice. All investments are screened to exclude companies that profit from interest, alcohol, tobacco, gambling, pornography, weapons, prisons, and other areas that cause societal or environmental harm. Companies with high debt ratios are also excluded.
Azzad’s mission is to provide investment services designed to help clients enjoy optimum performance without compromising their values.
Seven Tenets of Halal Investing
At Azzad, we abide by the Seven Tenets of Halal Investing. These seven rules serve as the foundation of our ethical philosophy, helping us to grow our clients’ wealth in a halal and responsible way
1. Screening and Filtering
2. Planning and Diversification
3. Verification and Due Diligence
4. Ongoing Screening and Filtering
5. Shareholder Advocacy
Azzad follows investing criteria set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the global standard-setting body for the Islamic finance industry.
In 2015, Azzad became the first investment firm in the U.S. to externally verify AAOIFI compliance after we successfully completed an audit conducted by the UK-based Islamic Finance Advisory and Assurance Services (IFAAS), a leading specialist in Islamic finance. We now undertake this audit each year.