White Papers

  • Understanding Zakah
    Many investors are confused when it comes to calculating and paying zakah on modern financial assets. This white paper outlines the rules of zakah, including the differences between zakah owed on growth and income stocks.
  • Income with Real Estate
    Income with Real Estate: Investors in search of manageable income from real estate may want to consider a real estate investment trust, or REIT. A REIT is a company that buys, sells, develops, and manages real estate such as office buildings, apartment complexes, shopping malls, self-storage units, and housing developments. Successful REITs can offer investors high yields, current income, and moderate growth.
  • The Case for International Investing
    Drawing on the expertise of Scout Investments, which runs Azzad Asset Management’s international portfolio, this paper explains why international stocks should be a part of any diversified portfolio.
  • Understanding Riba in Islamic Finance
    Riba is one of the most often misunderstood terms in Islamic finance. More education on this fundamental concept is not only necessary for the preservation of a halal livelihood; it is also important for the preservation of the proper practice of Islam. Riba is prohibited by the Qur’an, Sunnah (Prophetic example), and consensus of the scholarly community.
  • Donor-Advised Funds
    A donor-advised fund can achieve many of the goals of private foundations without the legal, administrative and accounting costs.
  • Charitable Lead Trusts
    A charitable lead trust is a way for taxpayers to leverage their generosity, producing tax savings that can be used to provide greater benefit to themselves, spouses, charities, and others. It can allow the grantor to support a charitable cause for a certain time period while leaving the remainder to an individual beneficiary, helping to provide an income stream to a favorite charity and ensure a gift to specified individuals.
  • Impact of Islamic Investment Criteria
    Many Shari’ah-sensitive investors wonder how the Islamic screening process might affect the performance of their portfolios. As this paper outlines, the answer lies, in part, with the sector allocations of traditional portfolios and their Islamically screened counterparts.
  • Asset Allocation and You
    Think of investing like baking a cake. A cake requires flour, eggs, and milk. Depending on how much of each ingredient you use, you can get very different outcomes. The same is true of your investments. Balancing a portfolio means combining different types of investments, including Halal fixed income, in a recipe that is appropriate for you.
  • Investing Basics
    There's nothing complicated about common investing techniques, and it usually doesn't take much time to understand the basics. The biggest risk you face is not educating yourself about which investments may be able to help you achieve your financial goals. Use this resource to get started today.
  • Retirement Savings
    Planning for retirement isn’t always easy. But there are concrete ways to help you make it reality—including taking advantage of a company retirement plan and investing on your own. For Shari’ah-sensitive investors, you’ll also need to think about finding Halal investment options. This paper suggests practical steps to getting started.
  • Education Savings
    There's no denying the benefits of a college education: the ability to compete in today's competitive job market, increased earning power, and expanded horizons. But these advantages come at a price—college is expensive. And yet, year after year, thousands of students graduate from college. So, how do they do it? And how do you do it in a Halal way?
  • Purifying Impermissible Assets
    Is the purification of impermissible assets in a savings vehicle like a 401(k) possible according to the tenets of Islamic Sacred Law? This paper outlines the steps that should be taken to embrace a Halal strategy in one’s financial affairs, including the most important step of all—repentance from the previous action.
  • Participating in an IPO
    Initial public offerings, or IPOs, are a frequent topic of conversation among Azzad clients. But is it permissible to invest one? Get the Halal perspective here.
  • Reviving the Waqf
    A waqf is an endowment created under Islamic guidelines. Learn how this product can help you leave a legacy for generations to come.
  • A Sukuk Primer
    Global Sukuk demand is expected to grow from $240 billion in 2012 to $421 billion by 2016. Learn more about Sukuk and Sukuk investing.
  • Debt and Interest—Rethinking the Pillars of Borrowing and Lending
    Azzad Asset Management actively avoids profiting from interest-based lending and from the trading of debt due to ethical and religious considerations. Learn more about the potential social harms of debt and interest and why it can make financial sense to steer clear of them.