Azzad Ethical Fund
ADJEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3141 Fairview Park Drive Falls Church VA United States of America 22042
- IPO Date
- Dec 22, 2000
- CIK
- 0001031008
- Website
- azzadasset.com
- Similar Companies
- Business
- Azzad Ethical Fund (ADJEX) is a mid-cap growth mutual fund that seeks total return through dividend income and capital appreciation by investing primarily in U.S. mid-capitalization companies screened for compliance with ethical investment restrictions, including Islamic principles that exclude sectors such as alcohol, tobacco, gambling, pork, pornography, interest-based banking, and weapons; the fund targets profitable companies with strong balance sheets and attractive valuations, maintaining a portfolio of approximately 87 securities with a net expense ratio of 0.99%, no sales charge, and a minimum initial investment of $1,000 ($500 for IRAs). Sector allocations as of September 30, 2025, emphasize technology (33.55%), industrials (25.35%), and healthcare (16.44%), with top holdings including Cadence Design Systems (4.37%), Quanta Services (4.13%), and IDEXX Laboratories (4.05%). Managed by Azzad Asset Management since the fund's inception on December 22, 2000, with Jamal Elbarmil as lead portfolio manager, the fund operates from the adviser's headquarters in Falls Church, Virginia, and serves investors seeking faith-based, socially responsible exposure to the Russell Midcap Growth Index segment. In a significant operational change effective August 1, 2025, Delaware Investments Fund Advisers ceased serving as sub-adviser, with management transitioning fully in-house under Azzad Asset Management; the fund reported net assets of $143.5 million as of June 30, 2025, and a portfolio turnover rate of 40.09% for the fiscal year ended on that date. The fund remains available through major brokerage platforms including Schwab and Fidelity, targeting values-driven individual and institutional investors primarily in the United States.