Azzad Asset Management, Inc.
- Regulatory AUM
- $1.8B
- Discretionary
- $1.8B
- Clients
- 1,543
- Avg AUM / client
- $1.2M
- Accounts
- 18,098
- Employees
- 18
AUM over time
Annual snapshots from Form ADV filings · as of Jan 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 996 | $104M | 5.67% |
| High net worth individuals | 498 | $1.1B | 61.7% |
| Investment companies | 2 | $498M | 27.1% |
| Charitable organizations | 44 | $81.8M | 4.45% |
| Other investment advisers | 2 | $8.3M | 0.45% |
| Corporations and other businesses | 1 | $10.3M | 0.56% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Radiology Partners, Inc. Partner Plan Radiology Partners, Inc. | 2024 | |
| Spectrum Healthcare Partners, P.A. 401(k) Profit Sharing Plan Spectrum Healthcare Partners, P.A. | 2024 |
People (13)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Elbarmil, Jamal, Mahmoud | Vice President And Shareholder | Apr 2000 (26y) | 5% – 10% | |
| Bashar Mohammad Qasem | President, Ceo And Shareholder | Aug 2000 (26y) | 25% – 50% | |
| Fouz, Manal | Chief Compliance Officer | Mar 2007 (19y) | Less than 5% | |
| Ayman Salim Khalil | Registered representative | Sep 2011 (15y) | ||
| Fatima Khalid Iqbal | Registered representative | CFP | Sep 2013 (13y) | |
| Ehab Alalfey | Registered representative | Jan 2016 (11y) | ||
| Ibtasam Mahmood | Registered representative | CFP | Jan 2019 (8y) | |
| Joshua A Brockwell | Registered representative | Oct 2019 (7y) | ||
| Deborah Lynn Klein | Registered representative | CFP | Jun 2020 (6y) | |
| Reem Hussein | Registered representative | CFP | Jun 2021 (5y) | |
| Atta Mohammad Khan | Registered representative | Jul 2023 (3y) | ||
| Tameem Bashar Qasem | Registered representative | Jan 2025 (2y) | ||
| Samer Eshmawy | Registered representative | CFP | Dec 2025 (1y) |
Undisclosed: 35% – 70% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Radiology Partners, Inc. Partner Plan | Radiology Partners, Inc. | 1,428 | $1.0B | 01/01/2024 |
| Spectrum Healthcare Partners, P.A. 401(k) Profit Sharing Plan | Spectrum Healthcare Partners, P.A. | 489 | $360M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 01/30/2026 | 1.1 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: AZZAD ASSET MANAGEMENT, INC. HAD INVESTMENT DISCRETION OVER AT LEAST $100 MILLION OF REPORTABLE 13F SECURITIES AND FAILED TO TIMELY FILE FORMS 13F FOR THE QUARTER ENDING DECEMBER 31, 2019, THROUGH THE QUARTER ENDING SEPTEMBER 30, 2023. Status: Final Sanction Detail: AZZAD ASSET MANAGEMENT, INC. WAS ORDERED TO PAY A CIVIL MONEY PENALTY OF $225,000, WHICH WAS PAID ON APPROXIMATELY SEPTEMBER 20, 2024. Summary: AZZAD ASSET MANAGEMENT, INC. CONSENTED TO THE ENTRY OF THE ORDER WITHOUT ADMITTING OR DENYING THE FACTUAL FINDINGS OR CONCLUSIONS OF LAW. IN APRIL 2024, AZZAD ASSET MANAGEMENT, INC. FILED FIFTY-TWO FORMS 13F, WHICH COVERED THE PERIOD FROM THE QUARTER ENDING DECEMBER 31, 2010, TO THE QUARTER ENDING SEPTEMBER 30, 2023, INCLUSIVE. THE REMAINING DETAILS RELATED TO THE ACTION STATUS AND DISPOSITION ARE DESCRIBED IN ITEMS 7 AND 12 IMMEDIATLEY ABOVE.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Folio Investments, Inc. $1.0B (56% of AUM) Jan 2026
- Charles Schwab & Co. $183M (10% of AUM) Jan 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jan 30, 2026.
View current Form ADV (SEC/IAPD) ↗