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Mutual funds

Azzad Wise Capital Fund now on Schwab’s Mutual Fund OneSource


The Azzad Wise Capital Fund, America’s first halal, socially responsible fixed-income mutual fund, is now available to investors through the Mutual Fund OneSource programme offered by Charles Schwab.

The fund invests in sukuk, or asset-backed Islamic bonds, as well as deposits and notes from Islamic banks that comply with specific socially responsible and halal financial guidelines.
"We continue to work with our strategic partners to make sure the Fund is available to everyone who wants it, however they want it," says Azzad Asset Management president and chief executive Bashar Qasem, whose firm serves as investment adviser to the Azzad Wise Capital Fund. "The added reach that Schwab offers is a plus for our investor base, which consists of both individual and institutional investors looking for exposure to emerging markets like Malaysia, Indonesia, Turkey, and the Gulf, in addition to an alternative investment that doesn’t correlate with traditional asset classes. We’re pleased that Schwab investors can buy the Fund through the no-transaction-fee and no-load OneSource programme."
Azzad Asset Management, adviser to the Azzad Funds and sponsor of the Ethical Wrap Program, has been committed since 1997 to providing investment services designed to help clients enjoy optimum performance without compromising their values. The firm, based outside Washington, DC, is a registered investment adviser with the SEC.

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