Interfaith Center on Corporate Responsibility Welcomes First Islamic Financial Firm to its Shareholder Coalition
Azzad Asset Management brings American Muslim perspective to shareholder advocacy.
New York, NY, Thursday, April 9, 2015 – Representatives from the Interfaith Center on Corporate Responsibility (ICCR) and Azzad Asset Management today announced that Azzad will join ICCR as its newest member—the first Islamic firm to be affiliated with the group. As the premier member organization focused on corporate social responsibility and environmental advocacy, ICCR leverages the influence of its shareowner members to enact change. Azzad’s addition to the growing list of members is a testament to ICCR’s universal appeal for collective action on issues of importance to people of all faiths. The two organizations expressed optimism about the opportunities this collaboration affords.
ICCR’s Executive Director Laura Berry said, “We are delighted to announce that Azzad Asset Management has joined the Interfaith Center on Corporate Responsibility (ICCR). For more than forty years, ICCR has been a faithful voice for justice, engaging in shareowner advocacy with the goal of encouraging greater corporate responsibility on a host of social and environmental concerns. ICCR members include religious organizations, universities, unions, banks, foundations, asset management companies and other institutional investors who believe companies with more just and sustainable operations are more profitable over the long term. We are pleased to count Azzad Asset Management among the ranks of our members and look forward to partnering with them to advance the cause of conscientious capitalism for the benefit of all members of society.”
Azzad representatives reportedly hope to bring a fresh, Islamically inspired perspective to the many corporate and social issues confronted by ICCR. The firm is a staunch advocate of a socially responsible, halal investment strategy and regularly educates American Muslims about the importance of shareholder advocacy and proxy voting as an expression of Islamic investing, which calls for the responsible allocation of capital and promotion of the common good.
See: Seven Tenets of Halal Investing
About Azzad Asset Management Azzad is a socially responsible financial services company dedicated to creating financial solutions in accordance with Islamic principles. The firm was founded on the philosophy that a sound investment considers both its social and ethical consequences. Since 1997, Azzad has worked to deliver innovative, ethical financial products and services that help clients achieve their dreams in harmony with their values.