SEC initiatives that could affect financial advisors
On April 12, 2018, our chief compliance officer (CCO), Ms. Manal Fouz, attended the Compliance Outreach Program in Washington, D.C., sponsored by the U.S. Securities and Exchange Commission (SEC). The conference is designed to promote better communication between securities regulators and compliance officers. A limited number of CCOs from registered investment advisory firms nationwide are […]
Azzad zakah workshop 2018
Questions answered include: Learn how to calculate zakah on modern assets following the guidelines of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Pop quiz (concrete examples) beings at 14:49 Question and answer begins at 20:12. https://youtu.be/BraUCkQWZdY
Chevron shareholders vote on cutting business ties with genocide-complicit governments
Chevron shareholders voted today on a resolution to evaluate a policy of cutting business ties with governments engaged in genocide or crimes against humanity. Filed by seven socially responsible investing organizations, the proposal cites specifically the nation of Myanmar, whose military stands accused of committing atrocities against the Rohingya ethnic minority. Chevron is the largest […]
Portfolio manager spotlight: Kayne Anderson Rudnick Investment Management
Although the stocks of large companies like Amazon and Alphabet have been among the market leaders since last year, in recent months they’ve started to lose some of their luster. In their place, small company stocks have assumed the top spot for outsized performance. The reasons some of the market’s biggest returns have come from […]
Does your toddler have a credit card?
They shouldn’t. But a new report shows that children are a more lucrative target for identity thieves than adults. On average, fraudsters are able to steal $2,303 by exploiting the identity of a minor, which is more than twice the average amount for adult victims. That’s according to a new report from Javelin Strategy & […]
Are you paying fees on top of fees?
Would you be willing to give up 40% per year in investment return? While most people would balk at the thought of losing that much money, they may be doing so unknowingly if they’re paying both advisor fees and mutual fund fees. A no-frills investment advisor would likely charge around 1% per year (this figure […]
Stocks vs. real estate
A lot of folks contact us asking about buying real estate. “They’re not making any more of it. And it’s a hard asset,” they say. When we’re asked this question, we try to explain the advantages of owning stocks instead of or in addition to real estate. One way we do this is explaining how our […]
Azzad Wealth Management Solution
Azzad CEO participates in AAOIFI conference on Islamic finance
Falls Church, Va., 4/26/2018 — Azzad Asset Management President and CEO Bashar Qasem joined senior officials, scholars, and industry leaders in Bahrain for an international conference on Islamic finance organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Held in conjunction with the Central Bank of Bahrain, the event took place in […]
FAQ about zakah and how Azzad calculates it
Here is some background info on zakah and purification, how Azzad calculates it, and the answers to a few frequently asked questions. Zakah is a financial obligation that every Muslim must pay if they own certain assets that are worth more than a certain amount, called the nisab, if they have owned those assets for […]
