Bashar Qasem

In the Trump era, one US Muslim #investor tries a louder voice

Bashar Qasem is the most outspoken voice among Muslim investors in the United States. He was the only Islamic financial representative among religious shareholder advocates who sent a letter in February to protest U.S. President Donald Trump’s travel ban. Qasem's Azzad Asset Management firm started its work in 2005, weighing in on issues like worker safety, climate change and lobbying disclosures. This direct advocacy will test whether U.S. Muslim investors will support the sort of faith-based shareholder activism common among other religious groups. Qasem's strategy appears to be helping to differentiate his firm from other asset management firms. Azzad's assets increased 11% in 2016 to US$487 million (£393 million) at year-end. Growth included US$5.7 million into the firm’s mutual funds, the third consecutive year of inflows.

First Halal, US fixed-income mutual fund celebrates 4th anniversary

The Azzad Wise Capital Fund, America's first Halal, socially responsible fixed-income mutual fund, turned four years old this month. Falls Church, Virginia-based Azzad Asset Management launched the interest-free fund in 2010. Over its four-year history, the Azzad Wise Capital Fund has proven to be an diversification and income-generating tool for investors who observe the Islamic law. Although it does not deal with debt instruments created from interest-based lending, the Azzad Wise Capital Fund shares in the gains from its ventures, which include Islamic bank deposits and Sukuk. Bashar Qasem, Azzad President and CEO, started Azzad Asset Management in 1997. In 2000, Qasem and his colleagues oversaw the launch of the Azzad Ethical Fund, and ultimately created the Azzad Wise Capital Fund to diversify client accounts.

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