Azzad analysis featured in 2014 Thomson Reuters Sukuk Report

FALLS CHURCH, Va., Dec. 3, 2013 /PRNewswire/ -- 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.

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"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 3^rd 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 in 2014 Thomson Reuters Sukuk Perceptions and Forecast Study

About Azzad
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. 

CONTACT: Investment Communications Director, Joshua Brockwell, 703-207-7005, ext. 109, joshua@azzad.net; Chief Compliance Officer, Manal Fouz, 703-207-7005, ext. 115, manal@azzad.net.

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.

SOURCE Azzad Asset Management