Azzad analysis featured in 2014 Thomson Reuters Sukuk Report
12/3/2013 10:06:23 AM
Azzad analysis featured in 2014 Thomson Reuters Sukuk Report
Paper focuses on challenges and opportunities of investing in global Islamic bonds
(Falls Church, Virginia, 12/3/13) – An analysis of the international Sukuk market prepared by Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, has been published in the 2014 Thomson Reuters Sukuk Perceptions and Forecast Study. The research paper, which focuses on Sukuk investing from a practitioner’s perspective, was produced by Azzad’s fixed-income research team.
“We often hear about the theoretical application of Sukuk investing and Islamic finance, in general,” said Azzad Analyst Ahsan Raheem, CFA, the paper’s lead author. “Our analysis highlights some of the practical issues facing Sukuk investors. They come from our experience at Azzad constructing and managing a portfolio of Islamic fixed-income investments, including Sukuk, for the Azzad Wise Capital Fund.”
The Azzad Wise Capital Fund (NASDAQ: WISEX) is the first Halal fixed-income mutual fund in the United States, investing primarily in Sukuk and Islamic bank deposits. The Fund celebrated its three-year anniversary in April.
Read: Azzad Wise Capital Fund Celebrates 3rd Anniversary
The 2014 Sukuk Perceptions and Forecast Study, produced by Thomson Reuters, was launched in November at the Global Islamic Economy Summit in the United Arab Emirates, organized by Thomson Reuters and the Dubai Chamber of Commerce & Industry. It is based on a comprehensive survey of Sukuk lead arrangers and investors, predominantly based in Islamic markets in the Middle East, North Africa, and Southeast Asia, conducted in August and September 2013. The primary empirical data gathered from the survey was developed to provide forward-looking analytics on the appetites and preferences of Sukuk investors for 2013 and beyond.
Read: Azzad Analysis from 2014 Thomson Reuters Sukuk Perceptions and Forecast Study
Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help clients enjoy optimum performance without compromising their values. The firm, recognized as the Best Islamic Asset Management Company in the Americas in 2013 by Islamic Finance News, is a registered investment advisor with the SEC and based in Falls Church, Virginia.
About Thomson Reuters
Thomson Reuters is the world's leading source of financial information for businesses and professionals. Combining industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property, science and media markets, Thomson Reuters is powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, they employ approximately 60,000 people and operate in more than 100 countries.
- END -
CONTACT: Investment Communications Director, Joshua Brockwell, 703-207-7005, ext. 109, firstname.lastname@example.org; Chief Compliance Officer, Manal Fouz, 703-207-7005, ext. 115, email@example.com.
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.
Opinions expressed are those of the author or fund manager, are subject to change, are not guaranteed and should not be considered recommendations to buy or sell any security and should not be considered investment advice.
Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security. Click here for Azzad Ethical Fund current top 10 holdings. Click here for the Azzad Wise Capital Fund current top 10 holdings.
Past performance does not guarantee future results.
The Azzad Ethical Fund is non-diversified and may invest a larger percentage of its assets in fewer companies exposing it to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. Stock markets and investments in individual stocks can decline significantly in response to issuer, market, economic, political, regulatory, geographical, and other conditions. Investments in mid-cap companies can be more volatile than investments in larger companies. Investments in growth companies can be more sensitive to the company’s earnings and more volatile than the stock market in general. Because the portfolio may invest substantial amount of its asset in issuers located in a single country or in a limited number of countries, it may be more volatile that a portfolio that is more geographically diversified. See the prospectus for more details about risks.
Investments in smaller and medium sized companies involve additional risks such as limited liquidity and greater volatility. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower rated and non-rated securities present a great risk of loss to principal and interest than higher rated securities.
The Azzad Wise Capital Fund is non-diversified with a high concentration of securities in the financial sector which can expose the Fund to more volatility and/or market risk than diversified funds. The Fund may not achieve its objective and/or could lose money on your investment in the Fund. The Fund mainly invests in securities issues by foreign entities which expose the Fund to country specific risks such as market, economic, political, regulatory, geographical, and other risks. The Fund intends to invest in certain instruments that may be illiquid. As a result, if the Fund receives large amount of redemptions, the Fund may be forced to sell such illiquid investments at a significant loss to be able to meet such redemption requests. See the prospectus for more details about risks.