How to respond to fraud or a data breach
Time is of the essence, whether your personal data has been compromised as part of a larger targeted cyberattack or you are the victim of fraud or an individual cybercrime. You’ll need to take immediate action to minimize the impacts. These are steps you should take within specified time frames after discovering your data has […]
How to stay protected after the Equifax hack
Did you know that someone’s identity is stolen every 2-3 seconds? Or that the average loss per identity theft is around $5,000? How about the fact that it takes an average of 600 hours to recover from identity theft? Fraud and identify theft are a growth industry. As evidenced by the recent Equifax hack exposing […]
Three strategies to reduce your RMDs
Nothing lasts forever, not even the tax deferral on your IRA. When you turn 70½, the government will require that you withdraw money from your IRA; those withdrawals are known as required minimum distributions, or RMDs. But what if you don’t need the money? What if you want to avoid a tax hit? Here are […]
What the Lehman Brothers anniversary teaches us about Islamic finance
Nine years ago this month, Lehman Brothers investment bank filed for Chapter 11 bankruptcy, triggering a global financial crisis in earnest as millions of families lost their homes, savings, and jobs. Though most of the world has since recovered from the crisis, it benefits us all to consider measures to prevent similar problems in the […]
Investor coalition asks Chevron to press Myanmar government for resolution to Rohingya crisis
Groups representing more than $30 billion in assets say ‘business as usual’ must end following government escalation of violence against minority population Falls Church, Va., 8/31/17 — Shareholders and other investor organizations delivered a letter to energy giant Chevron Corporation today, asking the company to use its leverage with the Myanmar government to end military […]
Azzad Portfolios Achieve ‘Top Guns’ Status from Informa Investment Solutions
Large cap growth, small cap growth, and real estate strategies excel across multiple categories and reporting periods Falls Church, Va., 8/21/17 – Azzad Asset Management today announced that three of its investment portfolios have been recognized as “Top Guns” for time periods ending June 30, 2017. The firm’s large cap growth, small cap growth, and […]
Do you want barakah in your wealth?
Excerpted from the August 2017 Azzad newsletter I want to talk about barakah. The term itself is something that Muslims the world over use in various forms throughout the day. Phrases like “asalamu alaikum wa rahmatullahi wa barakatu,” “eid mubarak,” and “barakAllah feekum” are commonly heard in our Muslim communities. People often ask God to […]
What happens when you withdraw money early from a retirement account?
When money gets tight, you might start thinking about raiding your retirement nest egg. Before you do, we urge you to consider how much it will truly cost you. By comparing different options, you’ll be able to figure out if withdrawing that money makes financial sense for you. With few exceptions, withdrawing money early from […]
Charles Schwab goes halal
Azzad has been working with Charles Schwab to make the portfolios in the Azzad Ethical Wrap Program available in its retirement plans. If your employer retirement plan is on the Schwab platform and it allows for a Schwab Personal Choice Retirement Account® (PCRA), you can now access Azzad’s full complement of halal investment portfolios through […]
Rolling over your traditional 401(k) to a Roth IRA
Do you have a 401(k)? Ever wondered if you could roll over that account into a Roth IRA? You might be surprised to hear that it’s possible. You can make a direct or 60-day rollover from a 401(k) plan (or other qualified plan, 403(b) plan, or governmental 457(b) plan) to a Roth IRA, as long […]
