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 […]
Weekly Market Recap – December 7, 2020
Evaluating Year-end Planning Opportunities Amid Tax Reform Uncertainty
Year-end 2020 represents a unique window to contemplate planning opportunities, as taxpayers face a dilemma: act now in 2020 to lock in potential tax savings or wait until 2021 to see whether President-elect Joe Biden’s tax proposals1 will gain traction in Congress. The risk is future tax reform could potentially be applied retroactively to January […]
