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, […]
How investments are taxed
Note: This article refers to common financial products, including interest-generating investments. They are mentioned here for educational purposes only. As a matter of policy, Azzad avoids these types of financial instruments for its clients. To learn more about reasons to avoid interest income in your portfolios, click here. It’s nice to own stocks, bonds, and […]
401(k) and IRA: A Combined Savings Strategy
Contributing to an employer-sponsored retirement plan or an IRA is a big step on the road to retirement, but contributing to both can significantly boost your retirement assets. A recent study found that, on average, individuals who owned both a 401(k) and an IRA at some point during the six-year period of the study had […]
Weekly Market Recap – February 28, 2022
The Markets (as of market close February 25, 2022) Stocks closed mostly higher last week, despite a tumultuous week with the Russian invasion of Ukraine. Of the major benchmark indexes, only the Dow and the Global Dow closed the week in the red. The Russell 2000, the Nasdaq, and the S&P 500 each posted solid […]
