Azzad Funds has recently filed an updated summary prospectus for its Azzad Ethical Fund, which is designed to provide potential investors with essential information about the fund's fees, investment strategies, and performance metrics. This filing, dated November 5, 2026, is significant as it reflects the company's ongoing commitment to transparency and ethical investment principles, particularly in the increasingly competitive sustainable investment sector.

The Azzad Ethical Fund aims to deliver long-term total returns while adhering to ethical guidelines that exclude investments in industries such as alcohol, tobacco, and gambling. The fund's investment strategy focuses on mid-capitalization companies that exhibit strong growth potential and align with the fund's ethical criteria.

Background

Azzad Funds, based in Falls Church, Virginia, is an investment company that specializes in ethical and socially responsible investing. The company has a history of providing investment products that align with ethical principles, catering to investors who prioritize social responsibility. The firm operates under the Central Index Key (CIK) 0001031008 and has recently filed several forms, including the 497K on November 5, 2026, and a 485BPOS on October 28, 2026.

What the Filing Says

The recent filing includes a summary prospectus for the Azzad Ethical Fund, detailing its investment objective, fees, and expenses. The fund's management fees are set at 0.80%, with additional distribution and service fees of 0.15%. The total annual operating expenses are 1.17%, which can be reduced to 0.99% after a fee waiver and expense reimbursement agreement in place until December 1, 2029. The filing emphasizes that investors can access the fund's prospectus and additional information online or by contacting the fund directly.

Impact

This update may influence a variety of stakeholders, including current and prospective investors, financial advisors, and competitors in the ethical investment space. By providing clear and comprehensive information about the fund's costs and investment strategy, Azzad Funds aims to attract investors who are increasingly mindful of both financial returns and ethical considerations in their investment choices.

What's Next

The filing does not specify what happens next, but it indicates that Azzad Funds will continue to monitor and adjust its investment strategies and fee structures to remain competitive in the ethical investment market.