# Azzad Asset Management, Inc.

> Azzad Asset Management, Inc. is an SEC-registered investment advisory firm in Falls Church, VA, registered since 2000, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated January 30, 2026.

- CRD: 111291
- Filed as: AZZAD ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Falls Church, VA
- Filing period: October 2026
- Form ADV filing dated: January 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111291
- AdvisorCensus page: https://advisorcensus.com/firm/azzad-asset-management-inc-falls-church-va-111291

## Quick answers

**How is Azzad Asset Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Azzad Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Azzad Asset Management, Inc. located?**
Azzad Asset Management, Inc.'s principal office is in Falls Church, VA, according to its Form ADV.

**Is Azzad Asset Management, Inc. registered with the SEC or a state?**
Azzad Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111291.

**How much does Azzad Asset Management, Inc. manage?**
Azzad Asset Management, Inc. reports $1,837,193,925 in regulatory assets under management in its Form ADV filing dated January 30, 2026 (99% discretionary).

**How have Azzad Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Azzad Asset Management, Inc.: Regulatory assets under management: $1,063,567,588 in the October 2021 data and $1,837,193,925 in the October 2026 data, up 73%. Total employees: 16 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Azzad Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (996); high net worth individuals (498); charitable organizations (44).

**Which custodians does Azzad Asset Management, Inc. use?**
Azzad Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Goldman Sachs Custody Solutions as custodians holding 10% or more of its separately managed account assets.

**Does Azzad Asset Management, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111291

**What changed in Azzad Asset Management, Inc.'s recent Form ADV filings?**
In the February 2026 filing data: Employees performing advisory functions went from 8 to 12. Regulatory assets under management went from $1,616,062,636 to $1,837,193,925 (+14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Goldman Sachs Custody Solutions

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,837,193,925
- Discretionary: $1,819,099,866
- Non-discretionary: $18,094,059

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 996 | $104,257,164 |
| High net worth individuals | 498 | $1,134,342,244 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | 2 | $498,181,537 |
| Charitable organizations | 44 | $81,803,194 |
| Other investment advisers | 2 | $8,342,017 |
| Corporations or other businesses not listed above | 1 | $10,267,769 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2000 (26 years)
- Employees: 18 total, 12 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, CA, DC, FL, GA, IL, IN, KY, LA, MA, MD, MI, MN, MO, NC, NJ, NY, OH, OK, PA, TN, TX, VA, WI, WV
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111291

### Websites listed on Form ADV (Item 1.I)
- [azzadasset.com](https://azzadasset.com)
- [azzadfunds.com](https://azzadfunds.com)
- Facebook @AZZADFUNDS
- Facebook @azzad.assetmanagement.5
- Instagram @azzadasset
- LinkedIn @AZZAD-ASSET-MANAGEMENT
- LinkedIn @bashar-qasem-a5a46429
- X @AZZADFUNDS
- YouTube @azzadfunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,063,567,588 | 16 | March 17, 2021 |
| October 2022 | $1,277,908,779 | 16 | March 23, 2022 |
| October 2023 | $1,225,890,577 | 15 | July 17, 2023 |
| October 2024 | $1,492,418,010 | 15 | March 27, 2024 |
| October 2025 | $1,616,062,636 | 15 | March 10, 2025 |
| October 2026 | $1,837,193,925 | 18 | January 30, 2026 |

Regulatory assets under management: $1,063,567,588 in the October 2021 data and $1,837,193,925 in the October 2026 data, up 73%.
Total employees: 16 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Employees performing advisory functions went from 8 to 12.
- Regulatory assets under management went from $1,616,062,636 to $1,837,193,925 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Azzad Asset Management, Inc. (CRD 111291): Form ADV filing data as of October 2026.