Halal investments for retirement, education, and all your savings goals

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 nine 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

Understanding Zakah

Fields marked with an * are required

First Quarter Market Recap

Despite a strong start to the year 2020, the tale of the quarter was one of creeping dread, as coronavirus news crowded out other headlines. The emergence of COVID-19 in the United States, as well as the subsequent measures to stem the spread of the virus, sparked a rapid deterioration in markets and the economy that has no clear parallel in history.

The depth and pace of the equity market decline, which culminated on March 23, were historic. The S&P 500 fell 34 percent from its February high in just 22 days. No equity investment style was immune to the selloff. The index was in bear market territory, defined as a peak-to-trough decline in stocks of 20 percent or more. The shift from a bull market to a bear market was the fastest ever, and the month of March proved to be the most volatile, up-and-down month for the S&P 500 in history.

Continue reading

Azzad is a member of

aaoifi logo(1)


Our annual live zakah workshop webinar took place on May 13th. In it, we explained which assets are eligible for zakah and how to calculate zakah on assets like retirement accounts, rental properties, real estate, jewelry, and more. Click button to watch. Name and email address required.

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
6. Purification
7. Zakah

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.