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Azzad Asset Management Clients to Donate $13.2 Million in Ramadan
March 21, 2024
FALLS CHURCH, Virginia, March 21 -- Azzad Asset Management, a provider of investment services, issued the following news release:

Azzad Asset Management announced today that its Muslim clients are expected to donate more than $13 million during the month of Ramadan.

Zakah-sometimes spelled zakat-is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. Azzad calculates and reports to clients each Ramadan the amounts that s . . .

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