Azzad meets with US, Arab Diplomats at 2nd Annual State Department Ambassadors Forum

3/18/2014 3:29:39 PM

 

Azzad meets with US, Arab Diplomats at 2nd Annual State Department Ambassadors Forum
One-on-one talks focus on Islamic Finance, investment between US and MENA region

(Washington, DC, 3/17/14) – On Thursday, March 13, 2014, representatives from Azzad Asset Management met with a delegation of US and Arab ambassadors at State Department offices in downtown Washington, DC. Sponsored by the National US-Arab Chamber of Commerce (NUSACC) and the US Department of State, the forum convened business leaders and diplomats from the Middle East and North Africa (MENA) region to promote trade and investment.

In her opening address to attendees, Assistant Secretary of State for Near Eastern Affairs Anne Patterson recognized the importance of economic ties between the United States and the MENA region, citing the role of trade and investment from American firms in improving the quality of life for millions of people overseas. Panel discussions at the event dealt with topics including strategies to diversify Arab economies away from hydrocarbons and prospects for economic growth post-Arab Spring.

Following the panels, Azzad representatives held private conversations with US diplomats to the region, sharing their socially responsible, Shari’ah-compliant investment strategy and gaining insight from ambassadors about investment opportunities in their host countries.

In a statement, Azzad Asset Management said:

We appreciate the efforts of the NUSACC and the US Department of State to encourage commerce between the United States and the MENA region. The NUSACC was established over 40 years ago to facilitate US-Arab business, and the US Department of State directly supports tens of millions of jobs through the promotion of new and open markets for US firms. As a US-registered investment advisor with several financial products focused on global opportunities, Azzad is pleased to work in conjunction with public-private partnerships like this one to maximize value for our clients and shareholders.

About Azzad: Established in 1997, Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. The firm, based outside Washington, DC, is a registered investment advisor with the U.S. Securities and Exchange Commission.

Please consider a Fund's objectives, risks, charges and expenses carefully before you invest. The prospectus contains this and other important information. For a hard copy, please call 1-888-350-3369. Read the prospectus carefully before investing or sending money. The Azzad Funds are self-distributed. Azzad Asset Management serves as the Investment Advisor.

 

Contact: Investment Communications Director, Joshua Brockwell, 703-207-7005, ext. 109, joshua@azzad.net; Chief Compliance Officer, Manal Fouz, 703-207-7005, ext. 115, manal@azzad.net.

 

Opinions expressed are those of the author or fund manager, are subject to change, are not guaranteed and should not be considered recommendations to buy or sell any security and should not be considered investment advice.

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security. Click here for Azzad Ethical Fund current top 10 holdings. Click here for the Azzad Wise Capital Fund current top 10 holdings.

Past performance does not guarantee future results.

The Azzad Ethical Fund is non-diversified and may invest a larger percentage of its assets in fewer companies exposing it to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. Stock markets and investments in individual stocks can decline significantly in response to issuer, market, economic, political, regulatory, geographical, and other conditions. Investments in mid-cap companies can be more volatile than investments in larger companies. Investments in growth companies can be more sensitive to the company’s earnings and more volatile than the stock market in general. Because the portfolio may invest substantial amount of its asset in issuers located in a single country or in a limited number of countries, it may be more volatile that a portfolio that is more geographically diversified. See the prospectus for more details about risks.

Investments in smaller and medium sized companies involve additional risks such as limited liquidity and greater volatility. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.

The Azzad Wise Capital Fund is non-diversified with a high concentration of securities in the financial sector which can expose the Fund to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. The Fund mainly invests in securities issues by foreign entities which expose the Fund to country specific risks such as market, economic, political, regulatory, geographical, and other risks. The Fund intends to invest in certain instruments that may be illiquid. As a result, if the Fund receives large amount of redemptions, the Fund may be forced to sell such illiquid investments at a significant loss to be able to meet such redemption requests. See the prospectus for more details about risks.