Heads up: Azzad Funds distributions will occur this month
This month, the Azzad Funds will make a capital gains distribution to all fund shareholders. This will mean the net asset value (NAV) – sometimes called the share price – will be lower on distribution day than it was when the market closed the day before. But this NAV drop doesn’t mean that the funds […]
Weekly Market Recap – December 16, 2024
Azzad MarketWeek Stocks finished the week mixed, bookending losses around midweek gains as investors digested fresh inflation data. The Standard & Poor’s 500 Index slipped 0.64 percent, while the Nasdaq Composite Index ticked up 0.34 percent. The Dow Jones Industrial Average dropped 1.82 percent. Up and Down Week Stocks fell broadly over the first part […]
Weekly Market Recap – December 9, 2024
Azzad MarketWeek Stocks were mixed during the first trading week of December. Technology stocks led, while the widely followed Dow Jones Industrial Average struggled. The tech-heavy Nasdaq Composite Index picked up 3.34 percent while the Dow Industrials lost 0.60 percent. The Standard & Poor’s 500 Index added 0.96 percent. The MSCI EAFE Index, which tracks […]
All 10 Azzad Portfolios Awarded ‘Top Guns’ Status by Zephyr
Azzad Asset Management is pleased to announce that each of its 10 separately managed account strategies has been awarded the “Top Guns” designation by Informa Financial Intelligence’s Zephyr PSN manager database, a first for the company. The “Top Guns” List is a quarterly ranking of best performing strategies widely used by asset managers and investors […]
Weekly Market Recap – December 2, 2024
Azzad MarketWeek Stocks posted solid gains over a short and busy holiday week as investors parsed fresh economic data, comments on potential future trade policy, and a few Q3 reports from technology companies. The Standard & Poor’s 500 Index gained 1.06 percent, while the Nasdaq Composite Index advanced 1.13 percent. The Dow Jones Industrial Average […]
Weekly Market Recap – November 25, 2024
Azzad MarketWeek Stocks advanced last week, powering ahead with pre-holiday optimism despite geopolitical tensions and two disappointing Q3 corporate updates. The Standard & Poor’s 500 Index rose 1.68 percent, while the Nasdaq Composite Index gained 1.73 percent. The Dow Jones Industrial Average led, picking up 1.96 percent. The MSCI EAFE Index, which tracks developed overseas […]
Weekly Market Recap – November 18, 2024
Azzad MarketWeek Stocks fell last week as the postelection rally lost momentum amid an inflation uptick and cautious comments from Fed officials. The Standard & Poor’s 500 Index fell 2.08 percent, while the Nasdaq Composite Index declined 3.15 percent. The Dow Jones Industrial Average lost 1.24 percent. The MSCI EAFE Index, which tracks developed overseas […]
Weekly Market Recap – November 12, 2024
Azzad MarketWeek Stocks surged higher last week, fueled by the Fed’s rate cut decision and post-election enthusiasm as investors looked to future policy impacts of a Republican-controlled Senate and executive branch. (The House of Representatives remains undecided.) The Standard & Poor’s 500 Index spiked 4.65 percent, while the Nasdaq Composite Index gained 5.74 percent. The […]
Purifying your investments from haram money
We often try to minimize the amount we pay in taxes on our investments, but halal investing requires another type of “tax” in order to make sure you’re not unintentionally benefitting from haram earnings. We’re talking here about purification. And unlike taxes, it’s something many people are happy to give away. Criteria set forth by […]
