Weekly Market Recap – April 25, 2022
The Markets (as of market close April 22, 2022) Wall Street closed lower last week as investors weighed mixed earnings data against increased certainty of aggressive interest rate hikes by the Federal Reserve. It was the third straight week of losses for the S&P 500 and the Nasdaq, while the Dow declined for the fourth […]
Azzad Asset Management clients to donate more than $11 million in Ramadan
FALLS CHURCH, Va., April 21, 2022 — Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today it has calculated that the firm’s Muslim clients are to give away more than $11 million in zakah-related charity. Zakah–sometimes spelled zakat–is an obligation that practicing Muslims pay on assets held for a full lunar year, including investments. […]
Weekly Market Recap – April 11, 2022
The Markets (as of market close April 8, 2022) Stocks lost value last week as each of the major benchmark indexes finished lower. The Nasdaq and the Russell 2000 were hit the hardest, followed by the Global Dow, the S&P 500, and the Dow. Ten-year Treasury yields jumped 34 basis points as bond prices slid […]
Weekly Market Recap – April 4, 2022
The Markets (as of market close April 1, 2022) Stocks closed generally higher last week, with only the Dow failing to post a gain. As has been the case since the end of February, investors have had to weigh the impact of the Russia-Ukraine war on the economy in general and inflation in particular. Adding […]
ARK Investment Management LLC
ARK Investment Management LLC (“ARK”) is acronym for “Active, Research and Knowledge.” The company specializes in thematic investing in disruptive innovation with a fresh take on fundamental analysis. Thematic investing is based on broader, macroeconomic topics (i.e., themes) rather than benchmarks, and seeks to capture long-term growth independent of sectors, geographic boundaries, and market-caps. Specifically, […]
Making the Most of Your Income Tax Refund
The IRS issued more than 128 million income tax refunds for the 2020 filing season, putting $355.3 billion into the hands of U.S. consumers.1 For most recipients, such a sudden influx of cash prompts an important question: What’s the best way to use the money if you get a refund? Last year, 27% of consumers said […]
How can your gift benefit you and the charity?
Giving basics You’re free to give almost any type of property to whatever organization you choose. But in order to obtain the tax benefits associated with charitable giving, contributions need to be made to qualifying tax-exempt organizations that have been organized in the United States and meet certain criteria. In addition to common charitable organizations […]
Is your financial advisor guilty of ‘halalwashing’? Ask these 5 questions to find out.
Halalwashing is when a company makes false or misleading claims about their investment’s Shariah compliance. Far too often, we see advisors claiming to invest halal for their clients while being intentionally ambiguous. Advisors who promise to manage a portfolio in accordance with Islamic investment guidelines, but then lack written policies or procedures designed to ensure […]
Azzad commends Apple shareholders for transparency vote
Investor proposal called for enhanced reporting on App Store takedowns Falls Church, Virginia, March 17, 2022 — Azzad Asset Management, a leading socially responsible investment firm, today praised Apple shareholders for their strong vote in favor of greater transparency at the tech company’s annual meeting this month. A shareholder resolution filed by Azzad–and supported by […]
Weekly Market Recap – March 14, 2022
The Markets (as of market close March 11, 2022) Each of the major benchmark indexes closed lower for the second straight week. The war in Ukraine continued, with Ukraine’s top diplomat indicating he saw no progress in talks with Russia. Inflation continued to run hot ahead of this week’s Federal Reserve meeting. During the week, […]
