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.
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Investing in Real Estate
Market Recap – November 2017
The Dow soared over 300 points on the last day of November to close above 24000 for the first time in its history. Hopes for a tax overhaul may have contributed to investor confidence in equities. Each of the benchmark indexes listed here posted favorable monthly gains. The Nasdaq continued its strong performance in 2017, gaining over 2.0% in November, while the small caps of the Russell 2000 climbed close to 3.0%. After gaining 2.8% for November, the S&P 500 joined the Dow in posting its eighth consecutive month of positive returns. With stocks climbing, it’s not surprising that long-term bond prices fell, as evidenced by the yield on 10-year Treasuries, which jumped 4 basis points over October’s end-of-month yield.
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2018 Investment Outlook:
Opportunities in the New Year
The Dow approaching 25,000. A new tax regime. Is it morning in America?
On January 18 we talked to Azzad Ethical Fund portfolio manager Christian Greiner, CFA® about what investors could expect for 2018.
Stock markets hit multiple records throughout 2017. With double-digit returns for the Dow and S&P 500, investors are wondering if markets have the potential to reach even higher highs in the New Year. No one knows how long the bull market will last or how it will react to major political and economic changes, like the 2018 mid-term elections and the Tax Cuts and Jobs Act. The only certainty is that there will eventually be a correction some time in the future. Markets cannot go up forever. Could it be in 2018?
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, war/international conflict, hydraulic fracturing, 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
In addition, 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.