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.

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Understanding Zakah

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Second Quarter Market Recap

The second quarter of 2020 posted the best quarterly performance for stocks since 1998, with major benchmark indexes making sizeable gains over their historically poor first-quarter tallies. Much of the second-quarter growth in the stock market and economy was a bounce back from a dismal March and April when pandemic-related lockdowns and restrictions virtually shut down the economy. Nevertheless, stocks rose as investors focused on favorable economic data and the possibility of further government stimulus, despite rising virus cases and tepid trade relations with China.

The quarter’s performance highlighted a persistent theme that started when the coronavirus pandemic captured headlines: The stock market has continued to rise despite reports of a crumbling economy and slumping corporate earnings. During the second quarter, the median estimate for the large-cap S&P 500 companies’ earnings per share declined by 37% while the index gained nearly 20% in price, according to data from FactSet.

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WATCH RECORDING

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.