0001162044-09-000616 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 29th, 2009 • Azzad Funds • Virginia

THIS INVESTMENT ADVISORY AGREEMENT is made as of June 5, 2009, by and between AZZAD FUNDS, a Massachusetts business trust (the “Company”), on behalf of its series, the AZZAD ETHICAL MIDCAP FUND (the “Fund”), and AZZAD ASSET MANAGEMENT, INC., a Delaware corporation (the “Adviser” or “Azzad”).

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