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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Fourth Quarter 2018 Market Recap
The fourth quarter of 2018 saw negative equity sentiment across all asset classes, with the broader market as represented by the S&P 500 returning -13.52%. The retreat in the U.S. stock market over the final three months of the year was notable for its length and ferocity. By most measures, stocks narrowly avoided ending a nearly decade-long bull market. Value stocks beat their growth peers by 4% for the quarter. Large-cap stocks outperformed small-caps by 6.7%, and mid-caps, as a whole, had returns in between the two, but closer to large-caps. Economically sensitive sectors like energy, industrials, and information technology underperformed the broader market, while traditional safe havens like utilities, real estate, and staples lived up to their reputations by outperforming.
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Recording: Portfolio Manager Conference Call
On February 11, we offered our clients a chance to speak directly to the people who make the day-to-day decisions about how our portfolios are invested.
Use the button below to register to listen to the recording of our call with three of Azzad’s institutional money managers as they shared their thoughts on the market, how they’re investing your money, and what challenges and opportunities they see for the rest of 2019.
2019 Investment Outlook
Wow, last year was a real kick in the gut for investors. Things were looking great until October when the wheels fell off and several indices entered bear market territory. Should we expect more of the same in 2019?
Here’s our conversation with Azzad Ethical Fund portfolio manager Christian Greiner, CFA® from January 15, 2019. We discussed what investors should (and should not) pay attention to in the new year.
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.