Azzad Asset Management, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$1,238,599,408
Clients
1,494
Advisors
12
across 3 offices
About
Azzad Asset Management provides investment management and financial planning to individuals (including high‑net‑worth clients), retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, small businesses and other institutions. The firm sponsors the Azzad Ethical Wrap Program, which combines advisory, brokerage and custody services, and it serves as investment adviser to the affiliated mutual funds Azzad Ethical Fund (ADJEX) and Azzad Wise Capital Fund (WISEX).
Since its founding in 1997, Azzad has focused on socially responsible Islamic investing, applying both qualitative screens and financial criteria — implemented with a proprietary ISFA screening tool — to exclude companies involved in activities such as alcohol, tobacco, pork, gambling, pornography, defense, insurance and interest‑based lending. Portfolios are implemented through a mix of the Azzad investment team and independent model managers across five asset‑allocation strategies, with the fixed‑income sleeve primarily represented by the Azzad Wise Capital Fund.
The firm’s brochure discloses approximately $1.82 billion in discretionary assets overseen by a relatively small advisory team, a structure that yields a higher AUM‑per‑advisor profile than is typical for many team firms. Azzad’s combination of sponsoring a wrap program (and waiving wrap fees on assets placed in its affiliated funds), acting as adviser to registered investment companies, and a recent SEC administrative order dated September 17, 2024 (relating to late Form 13F filings and a $225,000 civil penalty) are notable features disclosed in the brochure.
Client services
Expertise
Fee options
$0 - $500,000: 1.75% on the first $500,000 $500,001 - $2,000,000: 1.5% on the next $1,500,000 $2,000,001 - $4,000,000: 1.4% on the next $2,000,000 $4,000,001 - $10,000,000: 1.3% on the next $6,000,000 $10,000,001+: 1.2% on assets over $10 million
Account minimum: $500,000
Main office
See office3141 Fairview Park Dr., Suite 355
Falls Church VA 22042
Advisors at this office
10
Offices (3)
Most active in
Alabama · California · District of Columbia · Florida · Georgia · Illinois · Indiana · Kentucky · Louisiana · Maryland · Massachusetts · Michigan · Minnesota · Missouri · New Jersey · New York · North Carolina · Ohio · Oklahoma · Pennsylvania · Tennessee · Texas · Virginia · West Virginia · Wisconsin
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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Advisors at this firm
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