Azzad participates in 11th Harvard University Forum on Islamic Finance Conference convenes industry leaders for debate on alternative cooperative finance
CAMBRIDGE, Mass., April 30, 2014 /PRNewswire/ -- Representatives from Azzad Asset Management joined more than 300 scholars, practitioners, and regulators on the campus of Harvard University April 25-27 for a dialogue on Islamic finance in America. Held at the university's law school, the 11th Forum on Islamic Finance focused on practical methods to introduce risk-sharing financial solutions, including cooperative financial services, to the US market.
"We are pleased to represent Azzad at this important gathering of thought leaders," said Azzad President and CEO Bashar Qasem. "As a long-time supporter of the Islamic Finance Project at Harvard University Law School and as a past recipient of accolades and recognition from the forum, we consider Azzad to be a partner in their efforts to make a meaningful impact on issues of critical importance to our industry."
The three-day event held sessions involving the development of Islamic finance, including cooperative insurance, or takaful, risk-sharing, Shari'ah standards, and regulatory and governance concerns. Critical issues related to mutuality, solidarity, and socioeconomic welfare in the context of a widening gap between rich and poor in the United States were among the common themes discussed at the forum.
Azzad Asset Management, investment advisor to the Azzad Funds and sponsor of the Azzad Ethical Wrap Program, is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. Azzad is a member of the Forum for Sustainable and Responsible Investment and the Accounting and Auditing Organization for Islamic Financial Institutions. The firm, based outside Washington, DC, is a registered investment advisor with the U.S. Securities and Exchange Commission.
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SOURCE Azzad Asset Management