0001162044-14-000549 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • May 21st, 2014 • Azzad Funds • New York

This Subadvisory Agreement (as amended from time to time, this “Agreement”) is entered into as of the 14th day of March, 2014, by and between Azzad Asset Management, Inc., a Delaware corporation (the “Adviser”), and Federated Investment Management Company, a Delaware statutory trust (“Sub-Adviser”).

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AZZAD ETHICAL FUND SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • May 21st, 2014 • Azzad Funds • Virginia

This Sub-Advisory Agreement (this “Agreement”) is dated as of February 26, 2014, between Azzad Asset Management, Inc. (the “Adviser”) and Ziegler Capital Management, LLC (the “Sub-Adviser”).

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