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 […]
Not Islamic enough? Why a sukuk issuer now claims its ‘Islamic bond’ isn’t worthy of the name
When are Islamic bonds not really Islamic? If you’re Sharjah-based energy company Dana Gas, the answer is: whenever the company says so. In June, the company announced that it no longer considered its two Islamic bonds, issued in 2013 and valued at $700 million, to be Shariah compliant under United Arab Emirates law. After Dana […]
How to calculate your rate of return
Measuring your rate of return (ROR) is not always straightforward. There are many types of ROR, and investors are not usually aware of their differences. There are three measures of return that are frequently used: simple rate of return (SRR), internal rate of return (IRR), and time-weighted return (TWR). These measures all calculate performance differently. […]
American Muslim investors donate $4.6 million to charity for Ramadan
Azzad calculates zakah amounts for clients to meet Islamic investing requirements Falls Church, Va., June 14, 2017 — Azzad Asset Management, a socially responsible, faith-based investment firm, announced today that its Muslim clients are expected to donate a record amount of money this year in order to fulfill their religious obligation of giving in charity a certain […]
Despite Qatar blockade, investors still bullish
Crisis could be subdued with traders fasting for Ramadan On June 5, the nation of Qatar received news that a bloc of Arab countries led by Saudi Arabia would cut air, sea, and land links with the peninsular monarchy. In Doha, worried residents emptied store shelves knowing that Qatar depends on sea routes and its […]
