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Falls Church, Virginia, Dec. 14, 2020 (GLOBE NEWSWIRE) Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today that firmwide assets topped $1 billion earlier this month. We are grateful to God, our clients, and the larger community that has propelled us to greater heights, said Azzad President and CEO Bashar Qasem, CSAA. Azzad is an institution that belongs to the American Muslim community. We strive to help our clients become better stewards of their wealth and to use it in ways that are consistent with the aims and purposes of halal investing.
Founded by Qasem in 1997, Azzad follows guidelines issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The firm is audited on an annual basis to verify compliance with AAOIFI standards.