# EDGAR Filing Document

**Accession Number:** 0001031008
**File Stem:** 0001162044-23-000257
**Filing Date:** 2023-2
**Character Count:** 26328
**Document Hash:** c158beab234f4775d25a839281c5b612
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-23-000257.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001162044-23-000257

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AZZAD FUNDS
- **CENTRAL INDEX KEY:** 0001031008
- **IRS NUMBER:** 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:** 23664713

**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:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $113164202.55

**Total Liabilities:** $104692.68

**Net Assets:** $113059509.87

**Cash Not Reported:** $6688805.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012956 | 4.79%                | 7.22%                | -5.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $144407.88               | $4965108.87                                |
| Month 2  | $830763.85               | $7392753.06                                |
| Month 3  | $566647.10               | $-7555874.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A. O. Smith Corp.                              | A.O. Smith Corp.                               | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     30071 | NS      | $1721264.04   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                   | Advanced Micro Devices, Inc.                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     10759 | NS      | $696860.43    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.                     | Agilent Technologies, Inc.                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     12731 | NS      | $1905194.15   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                 | Amphenol Corp. Class A                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     16332 | NS      | $1243518.48   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                          | Arista Networks, Inc.                          | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     29161 | NS      | $3538687.35   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp. PLC                            | Atlassian Corp. PLC Class A (United Kingdom)   | CUSIP: G06242104<br>LEI: 549300AGBII4MWBVJY22 | Long             | EC               | CORP              | US        |      3027 | NS      | $389514.36    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp.                               | Bio-Techne Corp.                               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     18584 | NS      | $1540241.92   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                   | Cadence Design Systems, Inc.                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     19588 | NS      | $3146616.32   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      5607 | NS      | $1221765.30   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                   | Chipotle Mexican Grill, Inc. Class A           | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2473 | NS      | $3431262.77   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                                   | Copart, Inc.                                   | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     28686 | NS      | $1746690.54   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group, Inc.                             | Costar Group, Inc.                             | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67899 | NS      | $5247234.72   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                     | Crowdstrike Holdings, Inc. Class A             | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     11225 | NS      | $1181880.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                                   | DexCom, Inc.                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     37665 | NS      | $4265184.60   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign, Inc.                                 | Docusign, Inc.                                 | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     19566 | NS      | $1084347.72   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                     | Edwards Lifesciences Corp.                     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     20725 | NS      | $1546292.25   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                          | Electronic Arts, Inc.                          | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     16394 | NS      | $2003018.92   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EngageSmart Inc                                | EngageSmart Inc                                | CUSIP: 29283F103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13479 | NS      | $237230.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                         | Envista Holdings Corp.                         | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     49709 | NS      | $1673702.03   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy, Inc.                                     | Etsy, Inc.                                     | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      8137 | NS      | $974649.86    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Factset Research Systems, Inc.                 | Factset Research Systems, Inc.                 | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      3581 | NS      | $1436733.01   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                   | Fastenal Co.                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     49286 | NS      | $2332213.52   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9, Inc.                                    | Five9, Inc.                                    | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     18712 | NS      | $1269796.32   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings, Inc.                   | Floor & Decor Holdings, Inc. Class A           | CUSIP: 339750101<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     14438 | NS      | $1005317.94   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                           | Generac Holdings, Inc.                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      9123 | NS      | $918321.18    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                     | Genmab A/S ADR                                 | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     47713 | NS      | $2022076.94   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp.                                    | HEICO Corp. Class A                            | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     15271 | NS      | $1830229.35   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co.                                    | Hershey Co.                                    | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      7472 | NS      | $1730291.04   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic, Inc.                                  | Hologic, Inc.                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     28978 | NS      | $2167844.18   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                                  | HubSpot, Inc.                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      1060 | NS      | $306477.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp.                                     | IDEX Corp.                                     | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      6505 | NS      | $1485286.65   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                       | Intuitive Surgical, Inc.                       | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      7401 | NS      | $1963855.35   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                      | KLA Corp.                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      4479 | NS      | $1688717.37   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                    | Keysight Technologies, Inc.                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     15830 | NS      | $2708038.10   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co.                             | Levi Strauss & Co. Class A                     | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     78860 | NS      | $1223907.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.                | Lincoln Electric Holdings, Inc.                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      1977 | NS      | $285656.73    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse, Inc.                               | Littelfuse, Inc.                               | CUSIP: 537008104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4746 | NS      | $1045069.20   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                      | Lululemon Athletica, Inc. (Canada)             | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      4319 | NS      | $1383721.22   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.                | Martin Marietta Materials, Inc                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1694 | NS      | $572521.18    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Group Ltd.                  | Marvell Technology Group Ltd. (Bermuda)        | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |     42571 | NS      | $1576829.84   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                     | Microchip Technology, Inc.                     | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     31522 | NS      | $2214420.50   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                 | Monolithic Power Systems, Inc.                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      8640 | NS      | $3055190.40   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings, Inc.                 | National Vision Holdings, Inc.                 | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     31121 | NS      | $1206249.96   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta, Inc.                                  | Novanta, Inc.                                  | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7190 | NS      | $976905.30    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.                | Old Dominion Freight Line, Inc.                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      6915 | NS      | $1962338.70   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Holding AG                                  | On Holding AG Class A (Switzerland)            | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     48709 | NS      | $835846.44    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                          | Paycom Software, Inc.                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      6819 | NS      | $2116003.89   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                                | Pinterest, Inc. Class A                        | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81889 | NS      | $1988264.92   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                               | Pool Corp.                                     | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      4140 | NS      | $1251646.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                          | Quanta Services, Inc.                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     16567 | NS      | $2360797.50   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp.                                 | Repligen Corp.                                 | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     11378 | NS      | $1926409.18   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen, Inc.                                   | Seagen, Inc.                                   | CUSIP: 812578102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13659 | NS      | $1755318.09   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock, Inc.                             | Shutterstock, Inc.                             | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     15216 | NS      | $802187.52    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne, Inc.                                 | Teradyne, Inc.                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     27876 | NS      | $2434968.60   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk, Inc.                           | The Trade Desk, Inc. Class A                   | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     28761 | NS      | $1289355.63   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co., Inc.                                 | Trex Co., Inc.                                 | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30302 | NS      | $1282683.66   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble, Inc.                                  | Trimble, Inc.                                  | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     27061 | NS      | $1368204.16   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                       | Tyler Technologies, Inc.                       | CUSIP: 902252105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5332 | NS      | $1719090.12   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                        | Universal Display Corp.                        | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10045 | NS      | $1085261.80   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                             | Vail Resorts, Inc.                             | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      7038 | NS      | $1677507.30   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                            | Veeva Systems, Inc. Class A                    | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1435 | NS      | $231580.30    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services, Inc.             | West Pharmaceutical Services, Inc. Class C     | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      4504 | NS      | $1060016.40   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                                  | Workday, Inc Class A                           | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      3481 | NS      | $582475.73    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Workiva, Inc.                                  | Workiva, Inc.                                  | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     15268 | NS      | $1282053.96   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp.                       | Zebra Technologies Corp. Class A               | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      3878 | NS      | $994357.98    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoominfo Technologies Inc.                     | ZoomInfo Technologies, Inc.                    | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26569 | NS      | $799992.59    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Azzad Funds

**Signature:** /s/ Bashar Qasem

**Name of Signer:** Bashar Qasem

**Title:** Chairman and Treasurer