Understanding New Zakah Calculations for Securities
When calculating zakah on securities, there are different approaches depending on the purpose for which the securities are held. Securities are categorized into three groups: those for trade, those for long-term appreciation, and those for income. Each category has its own zakah calculation method. Zakah for Securities Held for Trade For securities held for trade, […]
Weekly Market Recap – January 26, 2026
Azzad MarketWeek Markets ended a short but eventful week slightly lower amid geopolitical tensions and fresh tariff threats. However, constructive economic news appeared to buoy spirits as the week progressed. The Standard & Poor’s 500 Index fell 0.35 percent, while the Nasdaq Composite Index was flat (-0.06 percent). The Dow Jones Industrial Average declined 0.53 […]
Should Gold Be in Your Portfolio?
Gold often comes up in investor conversations during periods of market uncertainty. While it is sometimes viewed as a “safe haven,” gold is not a one-size-fits-all solution and may not be appropriate for every investor. Below is a general framework to help you understand when gold is sometimes used within diversified portfolios. What Role Can […]
Weekly Market Recap – January 12, 2026
Azzad MarketWeek Stocks posted solid gains in an action-packed week of market-moving economic data, geopolitical news, and bullish new year sentiment. The Standard & Poor’s 500 Index gained 1.57 percent, while the Nasdaq Composite Index added 1.88 percent. The Dow Jones Industrial Average rose 2.32 percent. Santa Visits Dow, But Not S&P, Nasdaq Stocks rose […]
Weekly Market Recap – January 5, 2026
Azzad MarketWeek Stocks delivered for investors last week as positive economic data and bullish holiday cheer powered the start of a “Santa Claus rally” past consumer bah humbug sentiment. The Standard & Poor’s 500 Index fell 1.03 percent, while the Nasdaq Composite Index lost 1.52 percent. The Dow Jones Industrial Average slid 0.67 percent.. Stocks […]
What to do when your income reaches 7 figures
Did you recently add a second comma to your bank balance? Has a recent financial event raised your net worth to the next level? It’s an exciting time, whether it’s the result of your long-term goals (e.g., from the sale of a business), a windfall transfer of wealth, or a key promotion. You’re probably already […]
Zakah and Purification: Forgotten Pillars of Islamic Finance?
Most people know the basics of Islamic finance: avoid interest, stay away from prohibited lines of business, and make sure your advisory board has the right credentials. But it’s not every day that people talk about zakah and purification. Both concepts are inseparable from Islamic finance but are regularly omitted from the conversation. Let’s look […]
Weekly Market Recap – December 29, 2025
Azzad MarketWeek Stocks delivered for investors last week as positive economic data and bullish holiday cheer powered the start of a “Santa Claus rally” past consumer bah humbug sentiment. The Standard & Poor’s 500 Index rose 1.40 percent, while the Nasdaq Composite Index advanced 1.22 percent. Meanwhile, the Dow Jones Industrial Average gained 1.20 percent. […]
How to Prepare for Tax Filing
Tax season doesn’t have to be overwhelming. With proper preparation and organization, you can ensure your tax professional has everything needed to file your return accurately on your behalf. To assist you, we’ve created this guide to help you navigate tax preparation with confidence. Start Collecting Documents Early Tax documents typically arrive between January and […]
Weekly Market Recap – December 22, 2025
Azzad MarketWeek Stocks posted a slight gain last week as mixed jobs data triggered some selling pressure before a cooling inflation report helped stocks recover. The Standard & Poor’s 500 Index inched ahead 0.10 percent, while the Nasdaq Composite Index advanced 0.48 percent. The Dow Jones Industrial Average slipped 0.67 percent. Round Trip for Stocks […]
