WASHINGTON, Sept. 4, 2015 /PRNewswire/ -- A delegation
from Azzad Asset Management joined representatives from the Saudi
Arabian and U.S. business communities in Washington, D.C., for a conference designed to
foster trade ties between the two nations. Azzad, a leader in
socially responsible halal investing in the United States, has investments in
Saudi Arabia through its
international fixed-income fund.
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The U.S.-Saudi Investment Forum, organized by the Saudi Arabian
General Investment Authority in conjunction with the Council of
Saudi Chambers and the U.S.-Saudi Business Council, served as an
opportunity for executives and officials to explore investments in
energy, transportation, health, education, and financial services.
Signing ceremonies between U.S. and Saudi businesses were a feature
of the event.
"As an interested party that has found ample investment
opportunities in the Kingdom of Saudi
Arabia, Azzad is pleased to take part in this important
gathering of dignitaries and captains of industry," said Azzad
President and CEO Bashar Qasem, who
attended the conference.
During a morning session, Mr. Qasem signed a memorandum of
understanding with Ziad Al-Bassam of
the Al-Bassam Investment Group, to formalize an agreement between
Azzad and Al-Bassam to share financial expertise and to locate
investment opportunities in the Middle
East.
Azzad is the sponsor of the Azzad Wise Capital Fund, the first
halal alternative fixed income mutual fund in the United States. The fund invests in
financial instruments called sukuk, which are an increasingly
popular financing tool in the Middle
East, especially Saudi
Arabia.
According to the memorandum, Azzad would benefit from
Al-Bassam's ability to source quality investment opportunities in
the sukuk market to further the Fund's objective of providing
long-term fixed income and capital preservation. The Azzad Wise
Capital Fund aims to produce a return that is comparable to
short-term bond funds and other financial instruments, without
dealing in interest.
The one-day conference was held at the Ritz-Carlton Washington, D.C., on the sidelines of the
visit to the United States by
Saudi Arabia's King Salman bin Abdulaziz Al Saud. Session topics
included fostering an attractive investment climate in Saudi Arabia and trends and opportunities in
the financial services sector.
ABOUT AZZAD
Azzad Asset Management, investment advisor to the Azzad
Funds, is committed to providing investment services designed to
help people enjoy optimum performance without compromising their
values. Azzad is a member of the Forum for Sustainable and
Responsible Investment, the Interfaith Center on Corporate
Responsibility, and the Accounting and Auditing Organization for
Islamic Financial Institutions. The firm, based outside
Washington, D.C., is a registered
investment advisor with the U.S. Securities and Exchange
Commission.
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
investment advisor.
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SOURCE Azzad Asset Management