Schwab OneSource now has a halal fund in its menu.

Azzad Asset Management's [profile] Azzad Wise Capital Fund is now being offered through the fund supermarket, according to a news release.

The fund only invests in sukuk, asset-based Islamic bonds, in addition to notes from Islamic banks.

Check out the company news release below:

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Company Press Release

Azzad Wise Capital Fund Now on Schwab's Mutual Fund OneSourceŽ Platform

1st halal, socially responsible fixed-income fund now available through popular brokerage firm

FALLS CHURCH, Va., May 30, 2013 /PRNewswire/ -- The Azzad Wise Capital Fund (NASDAQ: WISEX), America's first halal, socially responsible fixed-income mutual fund is now available to investors through the Mutual Fund OneSourceŽ program offered by Charles Schwab and Co., Inc. The Fund invests in sukuk, or asset-backed Islamic bonds, as well as deposits and notes from Islamic banks that comply with specific socially responsible and halal financial guidelines.

"We continue to work with our strategic partners to make sure the Fund is available to everyone who wants it, however they want it," said Azzad Asset Management President and CEO Bashar Qasem, whose firm serves as investment advisor to the Azzad Wise Capital Fund. "The added reach that Schwab offers is a plus for our investor base, which consists of both individual and institutional investors looking for exposure to emerging markets like Malaysia, Indonesia, Turkey, and the Gulf, in addition to an alternative investment that doesn't correlate with traditional asset classes." Adds Qasem, "We're pleased that Schwab investors can buy the Fund through the no-transaction-fee and no-load OneSource program."

Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, has been committed since 1997 to providing investment services designed to help clients enjoy optimum performance without compromising their values. The firm, based outside Washington, DC, is a registered investment advisor with the SEC.

Please consider a Fund's objectives, risks, charges and expenses carefully before you invest. The prospectus contains this and other important information. For a hard copy, please call 1-888-350-3369. Read the prospectus carefully before investing or sending money. The Azzad Funds are self-distributed. Azzad Asset Management serves as the investment advisor.

 

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