Southlake, TX Office

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.