# EDGAR Filing Document

**Accession Number:** 0001031008
**File Stem:** 0001162044-26-000224
**Filing Date:** 2026-3
**Character Count:** 30886
**Document Hash:** 54223c6d634f863b070cfc8eddcf3909
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000224.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001162044-26-000224

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AZZAD FUNDS
- **CENTRAL INDEX KEY:** 0001031008

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08021
- **FILM NUMBER:** 26706941

**BUSINESS ADDRESS:**
- **STREET 1:** 3141 FAIRVIEW PARK DRIVE
- **STREET 2:** SUITE 355
- **CITY:** FALLS CHURCH
- **STATE:** VA
- **ZIP:** 22042
- **BUSINESS PHONE:** 6306532666

**MAIL ADDRESS:**
- **STREET 1:** 3141 FAIRVIEW PARK DRIVE
- **STREET 2:** SUITE 355
- **CITY:** FALLS CHURCH
- **STATE:** VA
- **ZIP:** 22042

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISLAMIA GROUP OF FUNDS
- **DATE OF NAME CHANGE:** 19970121

## Series and Classes Contracts Data

### Azzad Ethical Fund (Series ID: S000004763)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000012956 | Azzad Ethical Fund | ADJEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AZZAD FUNDS

- **b. Investment Company Act file number:** 811-08021

- **c. CIK number of Registrant:** 0001031008

- **d. LEI of Registrant:** 549300VPHQXB2JY2TE69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3141 Fairview Park Drive

  - **City:** Falls Church

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 22042

  - **Telephone number:** 703-207-7005

**Item A.2. Information about the Series.**

- **a. Name of Series:** Azzad Ethical Fund

- **b. EDGAR series identifier (if any):** S000004763

- **c. LEI of Series:** 549300UP6SH6XKI13R82

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $137635451.71

**Total Liabilities:** $357812.10

**Net Assets:** $137277639.61

**Cash Not Reported:** $6169824.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012956 | 0.18%                | -1.71%               | -2.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $317796.96               | $84964.92                                  |
| Month 2  | $186724.66               | $-2767438.23                               |
| Month 3  | $84001.05                | $-3170392.38                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Howmet Aerospace, Inc.                    | Howmet Aerospace, Inc.                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     18456 | NS      | $3783849.12   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                 | Lululemon Athletica, Inc.                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      3519 | NS      | $731283.39    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                       | Veeva Systems, Inc.                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     12567 | NS      | $2805331.41   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.             | Alnylam Pharmaceuticals, Inc.                | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      4591 | NS      | $1825611.15   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Appolovin Corp.                           | Applovin Corp. Class A                       | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1000 | NS      | $673820.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp. plc                       | Atlassian Corp. plc Class A (United Kingdom) | CUSIP: G06242104<br>LEI: 549300AGBII4MWBVJY22 | Long             | EC               | CORP              | US        |      8659 | NS      | $1403970.26   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                            | Autodesk, Inc.                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      2190 | NS      | $648261.90    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprises, Inc.                    | Axon Enterprises, Inc.                       | CUSIP: 05464C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1472 | NS      | $835992.96    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                          | Baker Hughes Co.                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6486 | NS      | $295372.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical, Inc.             | Biomarin Pharmaceutical, Inc.                | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      1587 | NS      | $94315.41     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings, Inc.                  | Boot Barn Holdings, Inc.                     | CUSIP: 099406100<br>LEI: 52900QE1BF17YA3N4E71 | Long             | EC               | CORP              | US        |     13705 | NS      | $2418521.35   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp.                                 | CDW Corp.                                    | CUSIP: 12514G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9060 | NS      | $1233972.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.              | Cadence Design Systems, Inc.                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     16988 | NS      | $5310109.04   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                             | Cencora, Inc.                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5546 | NS      | $1873161.50   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                              | Cintas Corp.                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5017 | NS      | $943547.19    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudfare, Inc.                           | Cloudfare, Inc. Class A                      | CUSIP: 18915M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18929 | NS      | $3731852.35   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent, Inc.                            | Coherent, Inc.                               | CUSIP: 192479103<br>LEI: 549300RYOCKUMWACR010 | Long             | EC               | CORP              | US        |     21461 | NS      | $3961056.77   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy                      | Constellation Energy                         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      3338 | NS      | $1179215.26   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                              | Copart, Inc.                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     48093 | NS      | $1882840.95   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coreweave, Inc.                           | Coreweave, Inc. Class A                      | CUSIP: 21873S108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3819 | NS      | $273478.59    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay, Inc.                              | Corpay, Inc.                                 | CUSIP: 219948106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $601860.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang, Inc.                             | Coupang, Inc.                                | CUSIP: 22266T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54946 | NS      | $1296176.14   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                | Crowdstrike Holdings, Inc. Class A           | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1874 | NS      | $878456.24    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                             | Datadog, Inc. Class A                        | CUSIP: 23804L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24635 | NS      | $3350113.65   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                              | DexCom, Inc.                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     13154 | NS      | $873030.98    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                            | DoorDash, Inc.                               | CUSIP: 25809K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5219 | NS      | $1181999.12   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros, Inc.                          | Dutch Bros, Inc. Class A                     | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5611 | NS      | $343505.42    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group, Inc.                         | Emcor Group, Inc.                            | CUSIP: 29084Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       686 | NS      | $419687.94    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                       | Expedia Group, Inc.                          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      9782 | NS      | $2771338.42   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                          | Fair Isaac Corp.                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       514 | NS      | $868978.68    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                              | Fastenal Co.                                 | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     89730 | NS      | $3600864.90   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                              | Fiserv, Inc.                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7103 | NS      | $477108.51    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                            | Fortinet, Inc.                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     19816 | NS      | $1573588.56   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp.                               | HEICO Corp.                                  | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     13683 | NS      | $3453999.69   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                             | HubSpot, Inc.                                | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      4589 | NS      | $1841565.70   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                  | IDEXX Laboratories, Inc.                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      9362 | NS      | $6333673.86   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                      | Ingersoll Rand, Inc.                         | CUSIP: 45687V106<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      3758 | NS      | $297708.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp.                             | Insulet Corp.                                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     11106 | NS      | $3156769.44   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                               | Itron, Inc.                                  | CUSIP: 465741106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10576 | NS      | $982087.36    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                 | KLA Corp.                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3449 | NS      | $4190810.92   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.           | Lincoln Electric Holdings, Inc.              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     11541 | NS      | $2765685.24   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Macom Technology Solutions                | Macom Technology Solutions                   | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10293 | NS      | $1762985.04   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates, Inc.                | Manhattan Associates, Inc.                   | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      3982 | NS      | $690120.42    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.           | Martin Marietta Materials, Inc.              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4416 | NS      | $2749666.56   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                            | Mckesson Corp.                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       380 | NS      | $311710.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.        | Mettler-Toledo International, Inc.           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |        82 | NS      | $114323.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                             | MongoDB, Inc.                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1275 | NS      | $535104.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.            | Monolithic Power Systems, Inc.               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4086 | NS      | $3703386.96   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI, Inc.                                | MSCI, Inc.                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1975 | NS      | $1133116.75   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.           | Old Dominion Freight Line, Inc.              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      9344 | NS      | $1465139.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Holding AG                             | ON Holding AG                                | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     46863 | NS      | $2178192.24   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                           | Pinterest, Inc.                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39812 | NS      | $1030732.68   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp.                                | Pool Corp.                                   | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      8606 | NS      | $1968622.50   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                     | Quanta Services, Inc.                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     13551 | NS      | $5719335.06   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                              | Reddit, Inc. Class A                         | CUSIP: 757348100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4722 | NS      | $1085446.14   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                   | Republic Services, Inc.                      | CUSIP: 760759100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6515 | NS      | $1380723.95   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Resmed, Inc.                              | Resmed, Inc.                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      4393 | NS      | $1058141.91   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corp.                              | Roblox Corp. Class A                         | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16289 | NS      | $1319897.67   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins, Inc.                             | Rollins, Inc.                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     44538 | NS      | $2673170.76   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                  | Roper Technologies, Inc.                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1417 | NS      | $630749.21    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja, Inc.                          | Sharkninja, Inc.                             | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20894 | NS      | $2338038.60   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                           | Snowflake, Inc. Class A                      | CUSIP: 833445109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11215 | NS      | $2460122.40   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Compter, Inc.                 | Super Micro Compter, Inc.                    | CUSIP: 86800U302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10488 | NS      | $306983.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry, Inc.                            | Tapestry, Inc.                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      5714 | NS      | $730077.78    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk, Inc.                      | The Trade Desk, Inc. Class A                 | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     27823 | NS      | $1056161.08   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                               | Toast, Inc. Class A                          | CUSIP: 888787108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32775 | NS      | $1163840.25   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co.                        | Tractor Supply Co.                           | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     39588 | NS      | $1979795.88   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                    | Trane Technologies plc                       | CUSIP: G8994E103<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       508 | NS      | $197713.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                  | Tyler Technologies, Inc.                     | CUSIP: 902252105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4012 | NS      | $1821247.40   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                         | Ulta Beauty, Inc.                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1768 | NS      | $1069657.68   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                      | United Rentals, Inc.                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1902 | NS      | $1539326.64   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign, Inc.                            | VeriSign, Inc.                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      3450 | NS      | $838177.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                       | Vertiv Holdings Co. Class A                  | CUSIP: 92537N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8452 | NS      | $1369308.52   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                              | Vistra Corp.                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2361 | NS      | $380900.13    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co.                      | Vulcan Materials Co.                         | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       681 | NS      | $194234.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| W. W. Grainger, Inc.                      | W.W. Grainger, Inc.                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      1308 | NS      | $1319837.40   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp.                              | Waters Corp.                                 | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      2069 | NS      | $785868.27    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holdings Corp.                    | Waystar Holdings Corp.                       | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24365 | NS      | $797953.75    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp.    | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      3078 | NS      | $656999.10    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                             | Workday, Inc.                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      2561 | NS      | $550051.58    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler, Inc.                             | Zscaler, Inc.                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      4562 | NS      | $1026085.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Azzad Funds

**Signature:** /s/ Bashar Qasem

**Name of Signer:** Bashar Qasem

**Title:** Chairman and Treasurer