Azzad Asset Management Inc

5. Fees and Compensation

A. Ethical Wrap Program
The annual wrap fee is based on a percentage of assets under management and is paid monthly in
advance in accordance with the following fee schedule:

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Market Value                                  Annual Fee
$0-$500,000                                   1.75% on the first $500,000
$500,001-$2,000,000                           1.5% on the next $1,500,000
$2,000,001-$4,000,000                         1.4% on the next $2,000,000
$4,000,001-$10,000,000                        1.3% on the next $6,000,000
$10,000,001 and over                          1.2% on assets over $10 million

As mentioned previously, these fees are inclusive of brokerage, custodial, investment
management, and advisory services. A portion of the wrap fee is payable to your Azzad Investment
Adviser Representative. The custodian may charge clients special service charges such as wire
transfer and check fees (not included in the above wrap fee) but clients may use other payment
methods at no charge (such as electronic funds transfers). Clients may request a detailed
description of such fees from their representative.
In certain circumstances, clients whose advisory accounts are held at Fidelity Brokerage Services
(“Fidelity”) will incur additional transaction fees for trades executed via individual transaction
charges when choosing to receive paper delivery of their statements. These transaction fees are
separate from our firm’s wrap fees and will be charged by Fidelity. Clients may avoid these
transaction fees for U.S. listed equities and exchange traded funds by either opting into electronic
delivery of statements or maintaining at least $1 million in assets at Fidelity.
A client’s actual fees will depend on their allocation and total household assets under management
with Azzad. Depending on unique circumstances (another existing account relationship with a
client, expected dramatic account growth, account type, special conditions, etc.), fees may be
subject to negotiation. The specific way fees are charged by Azzad is established in a client’s
written agreement with us. We reserve the right to charge clients wrap fees that are lower than the
above fee schedule.
We provide “householding” billing for clients who maintain their accounts at Charles Schwab &
Co., Inc., or Fidelity Brokerage Services, LLC. In those cases, Azzad combines managed account
values for family members living in the same household at either custodian to increase the
managed asset total, and ultimately reduce the wrap fee based on the available breakpoints in the
fee schedule above. We provide limited “householding” for clients who maintain accounts at
Goldman Sachs. Only accounts opened with the same social security number or tax identification
number are “householded” in determining breakpoints in our fee schedule. In determining our fee,
we also do not “household” accounts held at Goldman Sachs with accounts held at Charles Schwab
& Co., Inc., or Fidelity Brokerage Services, LLC. For example, we would not combine the account
values for spouses sharing the same household who each own an account maintained at Goldman
Sachs to reduce the wrap fee based on the available breakpoints in the fee schedule above.
We reserve the right to lower your fees without obtaining your permission. However, we may not
increase your fees without thirty (30) days’ advance written notice.

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Clients who do not receive an Azzad Wrap Fee Program Brochure (Part 2A Appendix 1 of Form
ADV) prior to or at the time of opening a wrap account with Azzad, shall have the right to terminate
the wrap relationship without cost or penalty, within five (5) business days from the date of the
wrap agreement. Thereafter, in the event of the termination of our services, any unearned portion
of fees previously paid will be refunded. Clients may terminate their agreement with us at any time
by written notice delivered to Operations at Azzad Asset Management, 3141 Fairview Park Drive,
Suite 355, Falls Church, VA 22042.
How We are Paid
The annual wrap fee is generally based on a percentage of assets under management as determined
by the custodian and pursuant to the above standard fee schedule. Fees are paid in advance at the
beginning of each month. They are computed on the custodian’s reported valuation of assets under
management on the last day of the prior month and automatically debited from the client’s account.
Thereafter, if any prepayments of fees are made by advisory clients, such pre-payments are
prorated, and any unearned fees are refunded if services are terminated prior to the period for
which payments were to apply.
Other Fees You Should Understand
We are the investment adviser to the Azzad Funds. The Azzad Funds charge separate fees and
expenses not included in the above wrap fees (referred to as the Funds’ expense ratios). These
separate fees are described in the Funds’ prospectus and will generally include a management and
distribution fee.
A significant portion of our proprietary mutual fund sales are made through wrap accounts.
However, the wrap fees are waived on the portion of a client’s account that is invested in the Azzad
Funds. Although clients will not be charged a wrap fee on any assets invested in the Azzad Funds,
as noted previously, clients will still be charged separate fees and expenses associated with the
Funds. Clients should refer to the Azzad Funds’ prospectus https://azzadasset.com/azzad-funds/
for more information.
Clients may invest in the Azzad Funds directly outside of the Ethical Wrap Program. Clients who
choose to do so should review both the fees charged by the Funds and the wrap fees to fully
understand the total amount of fees and to evaluate the advisory services being provided. Clients
...

7. Types of Clients
       A. Types of Clients
We provide investment management services to individuals (including high-net worth
individuals), corporate pension and profit-sharing plans, charitable institutions, foundations,
endowments, registered mutual funds, trust programs, small businesses, and other institutions.

       B. Account Minimums
Minimum Wrap Account Size
We require a minimum dollar amount of assets under management of $500,000 for wrap accounts.
Under certain circumstances, Azzad may treat affiliated accounts (e.g., accounts of different family
members or multiple accounts for the benefit of the same person or persons) as one account for
purposes of satisfying the minimum size requirements. We reserve the right to accept clients with
lower minimum investment requirements for normal business reasons and considerations. We also
reserve the right to resign from the management of any individual account that falls below our
required investment minimum.

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Minimum Mutual Funds Account Size
For mutual fund accounts, Azzad requires a minimum initial investment as outlined in each Fund’s
prospectus. Generally, clients may invest in the Azzad Ethical Fund (ADJEX) with a minimum
account size of $1,000 and in the Azzad Wise Capital Fund (WISEX) with a minimum account
size of $4,000.