Weekly Market Recap – March 10, 2025
Azzad MarketWeek Stocks continued their slide through a volatile week. U.S. trade policy drove much of the market’s movement, broadening investors’ concerns about economic growth and inflation. The Standard & Poor’s 500 Index declined 3.10 percent, while the Nasdaq Composite Index dropped 3.45 percent. The Dow Jones Industrial Average slid 2.37 percent. Tariffs Take Effect […]
Avoiding Tax Surprises with a Backdoor Roth IRA
Roth IRAs can be a powerful tool in your retirement plan. But if you earn too much you can’t contribute directly to them. That’s why high earners turn to Roth conversions to bypass these strict income limits on Roth contributions, especially because there is no limit to how much you can convert to a Roth […]
Understanding New Zakah Calculations for Securities
When calculating zakah on securities, there are different approaches depending on the purpose for which the securities are held. Securities are categorized into three groups: those for trade, those for long-term appreciation, and those for income. Each category has its own zakah calculation method. Zakah for Securities Held for Trade For securities held for trade, […]
