Market Recap: Fourth Quarter 2020
During a period marked by a resurgent pandemic and political uncertainty, the fourth quarter of 2020 was a robust one for stocks, with each of the major indexes posting double-digit gains. Despite the turmoil and early-year losses, all major benchmark indexes closed 2020 well ahead of their 2019 closing marks. On the last day of […]
Azzad joins investor coalition to push for social media controls
Earlier this week, Azzad helped draft letters to Alphabet, Facebook and Twitter calling on their boards to take all necessary steps to address their role in enabling and facilitating violence at the U.S. Capitol and at state houses across the country in the run-up to inauguration day. Boards bear responsibility for ensuring that the enormous […]
Weekly Market Recap – January 11, 2021
Consolidated Appropriations Act Provides Relief to Individuals and Businesses
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as […]
Weekly Market Recap – January 4, 2021
Pandemic relief passes Congress. Here’s what’s in the legislation.
We have put together a quick breakdown of the new economic relief package that Congress recently passed, along with some general advice at the end. What’s in the box? The rescue package includes:1 $600 direct payments to adults and dependent children An extra $300/week in unemployment benefits through at least mid-March 2021 $325 billion in […]
Weekly Market Recap – December 21, 2020
ADJEX distribution takes place on December 18, 2020
On Friday, December 18, the Azzad Ethical Fund (ADJEX) made a capital gains distribution to all fund shareholders. This means the net asset value (NAV) – sometimes called the share price – was lower at the end of the day than it was at market close the day before. But this NAV drop doesn’t mean […]
Weekly Market Recap – December 14, 2020
Azzad Asset Management reaches $1 billion in assets under management
Faith-based investment adviser encourages charitable giving during ongoing economic crisis Falls Church, Virginia, Dec. 14, 2020 (GLOBE NEWSWIRE) — Azzad Asset Management, a socially responsible, faith-based registered investment advisor, announced today that firmwide assets topped $1 billion earlier this month. “We are grateful to God, our clients, and the larger community that has propelled us […]
