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 […]
Azzad Financial Assessment Questionnaire
Understanding taxes on your investment accounts
At this time of year many Americans are starting to think about taxes. We know that figuring out taxes on your investments can be confusing, so here are some things you should know. Uncle Sam takes his cut When you sell a stock or mutual fund at a profit, you will usually get taxed. If […]
7 tasks to complete by the end of 2024
The 2024 year is quickly ending. This means time is running out on various year-end deadlines. You will want to be sure to get the following tasks done sooner rather than later to avoid penalties and missed opportunities: Submit your beneficial ownership information to FinCEN If you own a business or limited liability company (or […]
Weekly Market Recap – October 21, 2024
Azzad MarketWeek Stocks posted modest gains last week, with quarterly earnings season in full swing and the election on the horizon. The Standard & Poor’s 500 Index increased 0.85 percent, while the Nasdaq Composite Index rose 0.80 percent. The Dow Jones Industrial Average advanced 0.96 percent. The MSCI EAFE Index, which tracks developed overseas stock […]
Gain Financial Confidence: A Special Webinar for Muslim Women in Medicine
A recent study found that 94% of women expect to manage their finances eventually, but only 48% feel confident about it.* Even fewer feel empowered enough to act. For many, a lack of knowledge is a serious barrier to investing. Join our conversation as we share practical (and halal) financial strategies you can use to […]
Weekly Market Recap – October 7, 2024
Azzad MarketWeek Stocks were essentially unchanged last week as geopolitical tensions added some volatility to an otherwise quiet trading week. The Dow Jones Industrial Average was flat (+0.09 percent), while the Standard & Poor’s 500 Index ticked up 0.22 percent. The Nasdaq Composite also was flat (+0.10 percent). The MSCI EAFE Index, which tracks developed […]
Bridging the gap between expectations and reality in retirement planning
According to the latest Retirement Confidence Survey, workers who said they feel somewhat confident in their ability to afford a comfortable retirement is up from 64% in 2023 to 68% in 2024. Even though their confidence is up, 62% of workers report that preparing for retirement makes them feel stressed. The gap between retiree expectations […]
