Top five cybersecurity tips
Last month, a widespread ransomware attack, known as WannaCry, rapidly affected numerous organizations across over one hundred countries. As cyber threats continue to evolve, we must work together to ensure these criminals can’t access your personal data or accounts. Here are 5 protective measures you can take to avoid becoming a victim. 1. Keep your […]
Calculating zakah (2017) with pop quiz
Ever wondered if you have to pay zakah on a 401(k)? What about bonds in your portfolio? This webinar will explain the consensus opinion on how to calculate zakah according to the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Learn how to calculate what you may owe on retirement accounts, investment accounts, real […]
Azzad Again Named ‘Top Guns Manager’ by Informa Investment Solutions
Four socially responsible strategies receive top honors for first quarter 2017 Falls Church, Va., 5/17/17 – A leading faith-based asset manager has been recognized with Top Guns status by Informa Investment Solutions’ PSN manager database. Three of Azzad Asset Management’s strategies were among the top 10 performers within peer groups reporting to PSN, the longest-running investment […]
Azzad joins interfaith investor group seeking worker protections in Bangladesh factories
Shareholder advocates continue call for garment industry safety regulations on 4th anniversary of Rana Plaza disaster FALLS CHURCH, VA, April 25, 2017 – Socially responsible investment firm Azzad Asset Management yesterday marked the fourth anniversary of the largest garment factory accident in history, renewing an interfaith appeal to apparel makers to enact meaningful change in […]
Understanding the roots of Islamic social activism: The Pact of Chivalry
“Even if red camels were offered to me in exchange for the Pact of Chivalry, I would not accept them.” – Prophet Muhammad (peace be upon him) Azzad has taken on a leading role in financial activism and social justice of late. This is inspired in part by an instance in the life of Prophet […]
The cost of not tracking your IRA contributions
Do you know how much you’re allowed to contribute to your IRA each year? Are you periodically tracking your deposits? Contributing more than the permitted amount can result in costly penalties. Fortunately, there are ways to fix it. How can it happen? Let’s look at a hypothetical example. In 2016, Ahmad, age 51, set up […]
Shareholder Advocacy – How to file proxy resolutions and why it should matter to you
Do you want to be the change you seek in the world? Consider putting your money to work through shareholder advocacy. Shareholder advocacy refers to actions taken by stockholders to ask the companies they own to change their behavior for the public good. Think of asking an energy company to report on its carbon footprint […]
Azzad joins interfaith coalition asking SEC to reassess pay ratio rule
(Falls Church, Virginia, 3/22/17) — Azzad Asset Management has joined other faith-based organizations in signing a letter to the United States Securities and Exchange Commission (SEC) calling for the continuation of a rule requiring companies to disclose how much CEOs make compared to their employees. The pay ratio provision is part of the 2010 Dodd-Frank […]
Private prisons: Wrong at any price
By Fatima Iqbal, CFP® In late February, Attorney General Jeff Sessions reversed a Department of Justice (DOJ) plan to phase out the use of for-profit prisons. This boosted the stock prices of the two publicly traded for-profit prison companies in the U.S., Geo Group and CoreCivic (formerly known as Corrections Corporation of America), which had […]
Top 5 Required Minimum Distribution Questions
1) What are required minimum distributions (RMDs)? Required minimum distributions, often referred to as RMDs, are amounts that the government requires you to withdraw annually from IRAs and employer-sponsored retirement plans after you reach age 70½. You can always withdraw more than the minimum amount from your IRA or plan in any year, but if […]
