Azzad Funds 485BPOS

Exhibit 99.(h)

MASTER SERVICES AGREEMENT

between

THE AZZAD FUNDS

and

INDEX

MASTER SERVICES AGREEMENT

THIS AGREEMENT is made and entered into as of this First Day of November 2025, as amended 11 June 2026, by and between THE AZZAD FUNDS, a Massachusetts business trust, having its principal office and place of business at 3141 Fairview Park Drive, Suite 355, Falls Church, VA, 22042 (the “Trust”) and NOTTINGHAM COMPANY, LLC, a North Carolina limited liability corporation, having its principal office and place of business at 116 South Franklin Street, Rocky Mount, North Carolina 27804 (“Nottingham”).

WHEREAS, the Trust is an open-end management investment company registered with the United States Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (“1940 Act”); and

WHEREAS, the Trust is authorized to issue shares of beneficial interest in separate series, with each such series representing interests in a separate portfolio of securities and other assets; and

WHEREAS, the Trust offers shares in the series listed in Schedule A hereof (each such series, together with all other series subsequently established by the Trust and made subject to this Agreement, being herein referred to as a “Fund,” and collectively as the “Funds”); and

WHEREAS, the Trust desires to retain Nottingham to provide certain services to each series of the Trust listed in Schedule A hereof (and as periodically amended); and

WHEREAS, Nottingham is willing to provide such services on the terms and conditions set forth in this agreement;

NOW THEREFORE, in consideration of the premises and mutual covenants contained herein, the Trust and Nottingham hereby agree as follows:

Unless otherwise agreed upon by Nottingham and the Trust, Nottingham may subcontract to a third party the storage and maintenance of the Trust’s books and records and such costs and expenses shall be the responsibility of the Trust.

In case of any request or demand for the inspection of such records by another party, Nottingham will notify the Trust and follow the Trust’s instructions as to permitting or refusing such inspection; provided that Nottingham may exhibit such records as provided in Section 13 of this Agreement and to any person in any case where it is advised by its counsel that it may be held liable for failing to do so, unless (in cases involving potential exposure only to civil liability) the Trust has agreed to indemnify Nottingham against such liability.

Asset-based compensation will be calculated and accrued daily and paid to Nottingham monthly. For flat fees, partial months will be prorated. Where applicable, the fee shall be calculated based upon the average daily net assets of each Fund. For this purpose, the average daily net assets shall be computed in the manner described in the Trust’s Declaration of Trust or the Trust’s Prospectus or Statement of Additional Information for that Fund.

The services of Nottingham rendered to the Trust are not to be deemed to be exclusive. Nottingham is free to render such services to others and to have other businesses and interests. It is understood that Trustees, officers, employees, or shareholders of the Trust are or may be or become interested in Nottingham, as directors, officers, employees, and shareholders or otherwise and that directors, officers, employees, and shareholders of Nottingham and its counsel are or may be or become similarly interested in the Trust, and that Nottingham may be or become interested in the Trust as a shareholder or otherwise.

Nottingham will, for the purpose of this Agreement, be deemed an independent contractor and, unless otherwise expressly provided or authorized, will have no authority to act or represent the Trust in any way and will not be deemed an agent of the Trust.

For the purposes of this Section 7 the term “Nottingham” shall include directors, officers, employees, and other agents of Nottingham, as well as Nottingham itself:

Further, in no event shall Nottingham be liable under any provision of, or in connection with, this agreement (regardless of whether a claim is based on contract, tort, or otherwise) for any damages other than actual and direct damages, and Nottingham shall have no liability for any incidental, indirect, consequential, special, or exemplary damages or losses which the Fund(s) may incur or suffer, whether or not the likelihood or possibility of such damages was known to Nottingham in advance.

The rights hereunder shall include the right to reasonable advances of defense expenses in the event of any pending or threatened litigation with respect to which indemnification hereunder may ultimately be merited. In order that the indemnification provision contained herein shall apply, however, it is understood that if in any case the Trust may be asked to indemnify, defend, or hold Nottingham harmless, the Trust shall be fully and promptly advised of all pertinent facts concerning the situation in question, and it is further understood that Nottingham will use all reasonable care to identify and notify the Trust promptly concerning any situation which presents or appears likely to present the probability of such a claim for indemnification against the Trust, but failure to do so in good faith will not affect the rights under this Agreement.

The Trust will be entitled to participate at its own expense or, if it so elects, to assume the defense of any suit brought to enforce any claims subject to this indemnity provision. If the Trust elects to assume the defense of any such claim, the defense will be conducted by counsel or chosen by the Trust and satisfactory to Nottingham, whose approval will not be unreasonably withheld. In the event the Trust elects to assume the defense of any suit and retain counsel, Nottingham will bear the fees and expenses of any additional counsel retained by it, absent a conflict of interest between the Trust and Nottingham. In the event of a conflict between the Trust and Nottingham or if the Trust does not elect to assume the defense of a suit, the Trust shall reimburse Nottingham for the reasonable fees and expenses of any counsel retained by Nottingham.

Nottingham may apply to the Trust at any time for instructions and may consult with the Trust’s counsel with respect to any matter arising in connection with Nottingham’s duties, and Nottingham will not be liable or accountable for any action taken or omitted by it in good faith in accordance with such instructions or with the opinion of the Trust’s counsel or auditors. Also, Nottingham will be protected in acting on any document that it reasonably believes to be genuine and to have been signed or presented by the proper person or persons. Nottingham will not be held to have notice of any change of authority of any officers, employee, or agent of the Trust until receipt of written notice thereof from the Trust.

Should the foregoing indemnification agreement be found unenforceable or that contribution is required from Nottingham, then Nottingham’s aggregate contribution for all losses, claims, damages, or liabilities, including rescission liabilities, shall not exceed the value of all fees earned by and expenses reimbursed to the Nottingham pursuant to this Agreement. No person or entity guilty of fraudulent misrepresentation shall be entitled to contribution from any person or entity that is not so guilty.

Performance by Nottingham of its obligations under this Agreement does not absolve or release the Trust or the Trust’s investment Advisor from its fiduciary responsibilities to the Funds or the Funds’ shareholders.

and Nottingham shall not be under any duty or obligation to inquire into the validity or invalidity or authority or lack of authority of any statement, oral or written instruction, resolution, signature, request, letter of transmittal, certificate, opinion of counsel, instrument, report, notice, consent, order, or any other document or instrument which Nottingham reasonably believes in good faith to be genuine.

A designated representative of each Fund will examine each Compliance Summary Report delivered to it by Nottingham and notify Nottingham of any error, omission or discrepancy within ten (10) days of its receipt. The designated representative of the Fund(s) agrees to notify Nottingham promptly in writing if it fails to receive any such Compliance Summary Report. The Fund(s) further acknowledges that unless its designated representative notifies Nottingham of any error, omission or discrepancy within 10 days, such Compliance Summary Report shall be deemed final and shall not be reissued. In addition, if the designated representative of the Fund(s) learns of any out-of-compliance condition before receiving a Compliance Summary Report reflecting such condition, the designated representative of the Fund(s) will notify Nottingham of such condition within one (1) business day after discovery thereof.

While Nottingham will endeavor to identify out-of-compliance conditions, Nottingham does not and could not make any guarantees, representations, or warranties with respect to its ability to identify all such conditions. In the event of any errors or omissions in the performance of Portfolio Compliance Services, the Fund’s sole and exclusive remedy and Nottingham’s sole liability shall be limited to re-performance by Nottingham of the Portfolio Compliance Services affected and in connection therewith the correction of any error or omission, if practicable and the preparation of a corrected report, at no cost to the Fund(s).

Unless terminated for cause, Nottingham shall be paid either a Termination or Liquidation fee (as appropriate). Said fee is not a penalty but an extra fee to compensate Nottingham for its service in assisting in transferring records and reports or otherwise wrapping up its services under this Agreement for such Fund. The relevant fee shall be as follows:

Upon the termination of this Agreement with respect to any Fund:

Upon the liquidation of any Fund:

Termination and Liquidation fees shall be paid promptly upon termination or liquidation, respectively.

Termination and Liquidation fees shall be paid promptly upon the effective date of termination or liquidation, respectively. In addition to the applicable Termination or Liquidation Fee, the Trust shall reimburse Nottingham for its actual, reasonable, and documented out-of-pocket expenses directly and necessarily incurred in effecting the transition or wind-down of services, including the cost of delivering to the Trust or its designee the Trust's books, records, and documents or copies thereof.

No provision of this Agreement may be amended, modified, or waived in any manner except by a written instrument signed by the party against which the enforcement of such is sought.

The terms and provisions of this Agreement shall be automatically applicable to any investment company that is the successor to the Trust because of reorganization, recapitalization or change of domicile.

Nottingham may, to the extent permitted by law and in its sole discretion, assign all its rights and interests in this Agreement to an affiliate, parent, subsidiary or to the purchaser of substantially all of its business, provided that Nottingham provides the Trust at least 60 days prior written notice.

In the event that this Agreement is successfully assigned, either by express written consent of the parties or in any way otherwise, this Agreement shall be binding upon the respective successors and assigns.

If the Trust establishes one or more series of Shares or one or more classes of Shares after the effectiveness of this Agreement, such series of Shares or classes of Shares, as the case may be, shall become Funds and classes under this Agreement. However, either Nottingham or the Trust may elect in writing not to make any such series or classes subject to this Agreement.

Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise. In cases where there are multiple funds managed by the same Investment Advisor, every attempt will be made to allocate expenses among the funds in a manner that represents the division of expense required for each Fund’s operations.

Nottingham and the Trust agree that all books, records, information, and data pertaining to the business of the other party, which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement, shall remain confidential, and shall not be voluntarily disclosed to any other person, except that Nottingham may:

For the purposes of this section, the following records and other information shall not be considered confidential:

Nottingham undertakes to comply with all applicable requirements for the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and other laws, rules, and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by Nottingham under this Agreement.

It is understood that this Agreement has been executed on behalf of the Trust by a trustee of the Trust in his capacity as trustee and not individually. The obligations of this Agreement shall only be binding upon the assets and property of each Fund and shall not be binding upon any trustee, officer, or shareholder of the Trust individually.

Representations of Nottingham. Nottingham represents and warrants to the Trust that:

Representations of the Trust. The Trust represents and warrants to Nottingham that:

Any notice required or permitted to be given by either party to the other party shall be in writing and will be deemed sufficient if personally delivered or sent by registered or certified mail, postage prepaid, addressed by the party giving notice to the other party at the following addresses (or such other address for a party as shall be specific by like notice):

The Azzad Funds
3141 Fairview Park Drive
Suite 355
Falls Church, VA, 22042

The Nottingham Company, LLC
116 South Franklin Street
Post Office Box 69
Rocky Mount, North Carolina 27802-0069

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REPRESENTATION OF SIGNATORIES. Each of the undersigned expressly warrants and represents that they have full power and authority to sign this Agreement on behalf of the party indicated and that their signature will bind the party indicated to the terms hereof.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written.

SCHEDULE A

FUNDS TO BE SERVICED

FUND ACCOUNTING AND ADMINISTRATION ADDENDUM

Nottingham will provide, or cause to be provided by others, the following services:

Nottingham will provide each Fund with fund accounting, and related portfolio accounting services, and such other services as each Fund may, from time to time, reasonably request, and Nottingham may, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement.

Without limiting the generality of the foregoing, Nottingham will for each Fund:

Nottingham will provide each Fund with fund administration services, and such other services as the Funds or Trust may, from time to time, reasonably request, and Nottingham may, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement.

Without limiting the generality of the foregoing, Nottingham will for each Fund:

Nottingham will recommend for selection, assist with the negotiation of and execution of necessary agreements, and interact with the Fund(s) custodian(s) to provide for the safekeeping of the Fund’s assets. Such custodian or custodians shall be subject to the approval of the Trustees. Nottingham will be responsible for compensating such custodian or custodians out of Nottingham’s compensation as set forth in Schedule C. Where it is necessary or desirable to utilize multiple custodians for a Fund, Nottingham will coordinate the services provided between the custodians under the relevant agreements.

Nottingham will recommend for selection, assist with the negotiation and execution of necessary agreements and work closely with the Fund(s) transfer agent. The transfer agent will be subject to the approval of the Trustees. Nottingham will be responsible for compensating such transfer agent out of Nottingham’s compensation as set forth in Schedule C.

Nottingham will recommend for selection, assist with the negotiation and execution of necessary agreements and work closely with the Fund(s) distributor. The distributor will be subject to the approval of the Trustees. Nottingham will be responsible for compensating such distributor out of Nottingham’s compensation as set forth in Schedule C.

Nottingham will recommend for selection and work with legal counsel to the Trust and the Fund(s) to provide representation and legal services. Trust and Fund shall be responsible for all legal fees incurred by the Trust and Fund. Nottingham shall be responsible for allocating such expenses to the best of its ability based upon knowledge of the work being completed. Such services are expected to typically include ordinary legal services provided by Fund counsel for review of documents, board materials, attendance at Board meetings, and availability for ongoing operational compliance issues; and for Counsel to the Independent Trustees, to provide guidance on Board compliance and other governance items as they may arise. The Fund or the Advisor, as the individual case may dictate by discussion and Board action, shall be directly responsible for non-recurring, special situations that arise, including, for example, services provided in connection with special meetings of the board of trustees, additions of new classes or series of shares, shareholder meetings and proxy solicitations, material changes to a Fund’s registration statement, examinations by the Securities and Exchange Commission, and litigation to which a Fund may be a party. Legal counsel shall be subject to the approval of the Trustees. The Trust may be a party to any foregoing agreement.

Nottingham will recommend for consideration, assist with the negotiation and execution of necessary agreements and work closely with the Fund(s) independent auditors. Selection and appointment of the independent auditors will be made by the Audit Committee with approval by the Board.

Nottingham will perform other services for the Trust as agreed to by Nottingham and the Trust from time to time, including, but not limited to performing internal audit examinations, preparation of materials for special board meetings, assisting Trust counsel in the preparation of proxy materials, and assisting in the development of new Funds or Fund classes. Nottingham shall be entitled to additional compensation for such other services.

Nottingham does not provide tax advice. Nothing in the Master Services Agreement or this Fund Administration Addendum shall be construed or have the effect of rendering tax advice. It is important that the Trust or a Fund consult a professional tax advisor regarding its individual tax situation. Calculation and proposed execution of tax optimization strategies for exchange traded funds is based on the knowledge and experience of Nottingham personnel, but such advice, recommendations and execution of such strategies are as supplement to rather than replacement for the responsibilities of each Fund’s investment advisor.

TRANSFER AGENT AND SHAREHOLDERS SERVICES ADDENDUM

Nottingham will provide, or cause to be provided by others, the following services: