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
February Market Recap
February was an historically volatile month for investors. Economic growth and corporate profit trends did not show evidence of a rebound. Instead, we observed more evidence that household financial conditions are tightening despite steady consumption trends on the heels of falling savings rates and rising borrowing trends.
The S&P 500 Index rose 5.0 percent during the first 19 days of the month, reached an all-time high of 3,386 points and then fell 12.8 percent on fears the coronavirus outbreak may disrupt global growth more than previously expected. The violent sell-off thrust the CBOE VIX Index (VIX) to 40.1, a daily level among the highest 97.8 percent of daily observations since the VIX was introduced in January 1990, provoking indiscriminate selling of risk-seeking assets. For the month, the index fell 8.2 percent but held up better than international indices.
Azzad is a member of
WHAT'S YOUR RISK NUMBER?
Did you know that human beings are twice as concerned about avoiding losses as they are about achieving potential gains? That’s why they tend to sabotage their own investing. Azzad has a tool that tells you how much risk you need to take to reach your financial goals and how much you actually have in your portfolio. Watch this 2-minute video to learn 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.