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
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.