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Azzad Asset Management, Inc.

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Client assets under management

$1,238,599,408

Clients

1,494

33% high-net worth

Advisors

11

of 18 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

136

Very High

Average account size

$829,049

About

Azzad Asset Management provides investment management and financial planning to individuals (including high‑net‑worth clients), retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, small businesses and other institutions. The firm sponsors the Azzad Ethical Wrap Program, which combines advisory, brokerage and custody services, and it serves as investment adviser to the affiliated mutual funds Azzad Ethical Fund (ADJEX) and Azzad Wise Capital Fund (WISEX).

Since its founding in 1997, Azzad has focused on socially responsible Islamic investing, applying both qualitative screens and financial criteria — implemented with a proprietary ISFA screening tool — to exclude companies involved in activities such as alcohol, tobacco, pork, gambling, pornography, defense, insurance and interest‑based lending. Portfolios are implemented through a mix of the Azzad investment team and independent model managers across five asset‑allocation strategies, with the fixed‑income sleeve primarily represented by the Azzad Wise Capital Fund.

The firm’s brochure discloses approximately $1.82 billion in discretionary assets overseen by a relatively small advisory team, a structure that yields a higher AUM‑per‑advisor profile than is typical for many team firms. Azzad’s combination of sponsoring a wrap program (and waiving wrap fees on assets placed in its affiliated funds), acting as adviser to registered investment companies, and a recent SEC administrative order dated September 17, 2024 (relating to late Form 13F filings and a $225,000 civil penalty) are notable features disclosed in the brochure.

Client services

Financial planning Portfolio management Selection of other advisers

Expertise

ESG / Sustainable investing

Fee options

Percentage

$0 - $500,000: 1.75% on the first $500,000 $500,001 - $2,000,000: 1.5% on the next $1,500,000 $2,000,001 - $4,000,000: 1.4% on the next $2,000,000 $4,000,001 - $10,000,000: 1.3% on the next $6,000,000 $10,000,001+: 1.2% on assets over $10 million

Other

Account minimum: $500,000

Main office location

Azzad Asset Management, Inc.

3141 Fairview Park Drive, Suite 355

Falls Church VA 22042-4533, United States

Number of offices

1

Most active in

Alabama · California · District of Columbia · Florida · Georgia · Illinois · Indiana · Kentucky · Louisiana · Maryland · Massachusetts · Michigan · Minnesota · Missouri · New Jersey · New York · North Carolina · Ohio · Oklahoma · Pennsylvania · Tennessee · Texas · Virginia · West Virginia · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Bashar Q

Series 63, Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Bashar Qasem is a financial advisor at Azzad Asset Management, Inc. with 21 years of industry experience. He holds Series 63 and Series 65 licenses and has been with Azzad since 1997. Qasem serves as president, CEO, and shareholder of the firm, and is also the director and chairman of Azzad Funds. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, and other organizations. The firm specializes in socially responsible Islamic investing, using proprietary screening tools to exclude certain industries and offering multiple asset-allocation strategies including affiliated mutual funds.

ESG / Sustainable investing
user avatar

Fatima I

CFP®, Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Fatima Iqbal is a CFP® and Series 65-registered financial advisor with 17 years of industry experience. She has been with Azzad Asset Management, Inc. since 2008. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, trusts, small businesses, and other institutions. The firm focuses on socially responsible Islamic investing using proprietary screening tools and manages approximately $1.82 billion in discretionary assets.

ESG / Sustainable investing
user avatar

Ayman K

Series 63, Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Ayman Khalil is a financial advisor at Azzad Asset Management, Inc. in Falls Church, VA, holding Series 63 and Series 65 licenses with 20 years of industry experience. He has been with Azzad Asset Management since 2005. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, small businesses, and other institutions. The firm specializes in socially responsible Islamic investing, using proprietary screening tools to exclude certain industries, and manages approximately $1.82 billion in discretionary assets.

ESG / Sustainable investing
user avatar

Samer E

CFP®, Series 63

Falls Church, VA

Azzad Asset Management, Inc.

Samer Eshmawy is a CFP® with six years of industry experience, currently serving at Azzad Asset Management, Inc. since 2025. His prior experience includes roles at Modera Wealth Management, LLC, JP Morgan Chase & Co., and T-Mobile US. Azzad Asset Management provides investment management and financial planning services to a diverse client base including individuals, retirement plans, charitable institutions, and small businesses. The firm specializes in socially responsible Islamic investing using proprietary screening tools and manages approximately $1.82 billion in discretionary assets.

ESG / Sustainable investing
user avatar

Tameem Q

Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Tameem Qasem is a financial advisor at Azzad Asset Management, Inc. with one year of industry experience and holds a Series 65 designation. Prior to joining Azzad, he worked at Progressive and held various roles including at George Mason University and State Farm. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, trusts, small businesses, and other institutions. The firm specializes in socially responsible Islamic investing using proprietary screening tools and offers a range of asset-allocation strategies through its advisory team and affiliated mutual funds.

ESG / Sustainable investing
user avatar

Ibtasam M

CFP®, Series 63, Series 66

Falls Church, VA

Azzad Asset Management, Inc.

Ibtasam Mahmood is a CFP® with 20 years of experience in the financial services industry. She has worked at Azzad Asset Management since 2019 and previously held positions at AMJ Financial Wealth Management, Triad Advisors LLC, PNC, Scottrade, and TD Ameritrade. Mahmood is based in Falls Church, VA, and holds Series 63 and Series 66 licenses. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, small businesses, and other institutions. The firm specializes in socially responsible Islamic investing, using proprietary screening tools to exclude companies involved in certain industries, and manages portfolios through a combination of internal and independent model managers.

ESG / Sustainable investing
user avatar

Deborah K

CFP®, Series 63, Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Deborah Klein is a CFP® professional at Azzad Asset Management, Inc. in Falls Church, VA, with five years of industry experience. Her career includes roles at Azzad Asset Management since 2019, as well as prior positions at Acorn Financial Services and Northwestern Mutual. Before entering financial services, she worked for WTN Media for 14 years. Azzad Asset Management provides investment management and financial planning services to a diverse client base, including individuals, retirement plans, charitable institutions, and small businesses. The firm specializes in socially responsible Islamic investing, using a proprietary screening tool to exclude companies based on ethical and financial criteria.

ESG / Sustainable investing
user avatar

Atta K

Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Atta Khan is a financial advisor at Azzad Asset Management, Inc. with two years of industry experience. He holds a Series 65 designation and has been with Azzad since 2019. His prior work experience includes roles at Robert Half Recruiters and Employment and contributions to SeekingAlpha.com. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, small businesses, and other institutions. The firm specializes in socially responsible Islamic investing, using proprietary screening tools to exclude companies involved in certain activities, and manages portfolios through a combination of internal and independent model managers.

ESG / Sustainable investing
user avatar

Ehab A

Series 66

Falls Church, VA

Azzad Asset Management, Inc.

Ehab Alalfey is a financial advisor at Azzad Asset Management, Inc. with 18 years of industry experience. He holds a Series 66 designation and has a background in real estate since 2012. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, and other entities, with a focus on socially responsible Islamic investing using proprietary screening tools. The firm manages approximately $1.82 billion in discretionary assets through a small advisory team and sponsors the Azzad Ethical Wrap Program as well as affiliated mutual funds.

ESG / Sustainable investing
user avatar

Reem H

CFP®, Series 63

Southlake, TX

Azzad Asset Management, Inc.

Reem Hussein is a CFP® with six years of industry experience currently serving at Azzad Asset Management, Inc. She has previously worked at The Prudential Insurance Company of America, Pruco Securities LLC, MML Investors Services, and MassMutual/Spectrum Financial Group. In addition to her advisory role, she teaches an online course on Financial Literacy and Well-Being as an adjunct professor at Shepherd University. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, registered mutual funds, trusts, and small businesses. The firm focuses on socially responsible Islamic investing, using proprietary screening tools to exclude certain industries and offering multiple asset-allocation strategies through a combination of its investment team and independent model managers.

ESG / Sustainable investing
user avatar

Joshua B

Series 65

Falls Church, VA

Azzad Asset Management, Inc.

Joshua Brockwell is a financial advisor at Azzad Asset Management, Inc. in Falls Church, VA, holding a Series 65 designation with six years of industry experience. He has been with Azzad Asset Management since 2013. Azzad Asset Management provides investment management and financial planning services to individuals, retirement plans, charitable institutions, foundations, endowments, mutual funds, trusts, small businesses, and other institutions. The firm specializes in socially responsible Islamic investing, using proprietary screening tools to exclude companies involved in certain industries, and offers a range of asset-allocation strategies through both its internal team and independent model managers.

ESG / Sustainable investing
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