Welcome!

News Feed Item

Islamic Investment Advisor Hosts Session on Ethical Portfolio Screening

Azzad Asset Management webcast examines impact of Halal investment criteria on portfolio returns

FALLS CHURCH, Va., Feb. 6, 2014 /PRNewswire/ -- In a webcast recorded live on Wednesday, February 5, 2014, representatives from Azzad Asset Management offered a candid look at the impact of socially responsible and Islamic screening criteria on investment portfolios. Azzad Equity Analyst Haris Anwaar, CFA®, and Portfolio Manager Christian Greiner, CFA®, of Ziegler Capital Management guided the discussion.

(Logo: http://photos.prnewswire.com/prnh/20130726/PH54032LOGO )

Watch: Ethically Screening Your Portfolio Webcast (YouTube)

During the webcast, Azzad offered the first public overview of its proprietary, in-house Investment Screening/Filtering Application, or ISFA. Launched in 2000, ISFA is a software program used to filter the stock market for candidates that meet Azzad's strict investment requirements. It is used by Azzad's team of institutional partners, including Ziegler Capital Management, which manage portfolios on behalf of Azzad clients.

See also: Meet the Managers

"It does constrain our universe in certain ways," said Greiner about using Azzad's investment screens. "But there can be advantages to working with a smaller number of candidates for investment. We expect the high-quality, low-debt names that remain to be a stronger crop of stocks. Our stock selection methodology works well in conjunction with Azzad's social restrictions."

The webcast also outlined Azzad's mandate to promote Halal investing, which is sometimes referred to as Islamic investing, or Islamic finance, more generally. As the presenters explained, the term refers to using money in a way that promotes sustainability and avoids practices deemed harmful to society. Halal investing avoids companies with lines of business that run afoul of Islamic ethics, including alcohol, tobacco, gambling, pork, pornography, banking/financial services that profit from interest-based lending, and weapons of mass destruction. Due to other Islamic restrictions, companies with high debt ratios or whose income from interest exceeds a minimal amount are also avoided.

See: The Seven Tenets of Halal Investing

In a statement, Azzad Asset Management said:

In an industry where principles are sometimes sacrificed in order to close a deal or make a quick buck, we remain dedicated to the notion that values still matter. And nowhere is that more evident than in our rigorous screening methodology. It remains at the core of our company's mission, which is to provide investment services designed to help clients enjoy optimum performance without compromising their values. At Azzad, we are also determined to find the highest quality portfolio managers who are committed to our process—those who bring their unique, highly specialized skill set to select investments for our clients.

In recent years, Azzad has furthered the cause of Islamic finance in America, creating a suite of custom financial planning products for clients, formulated in conjunction with experts in law, finance, and tax policy. This includes the first Halal endowment (waqf) for mosques and community centers designed to help grow the assets of American Muslim institutions in a tax-efficient vehicle. Azzad also built an estate planning package to help preserve family wealth for future generations in a sustainable, authentic, and Islamically certified manner. 

Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is a registered investment advisor with the U.S. Securities and Exchange Commission. The company's offices are located in suburban Washington, D.C.

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, [email protected]; Chief Compliance Officer, Manal Fouz, 703-207-7005, ext. 115, [email protected].

SOURCE Azzad Asset Management

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
There is only one world-class Cloud event on earth, and that is Cloud Expo – which returns to Silicon Valley for the 21st Cloud Expo at the Santa Clara Convention Center, October 31 - November 2, 2017. Every Global 2000 enterprise in the world is now integrating cloud computing in some form into its IT development and operations. Midsize and small businesses are also migrating to the cloud in increasing numbers. Companies are each developing their unique mix of cloud technologies and service...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...