Blog

Azzad joins investor coalition to push for social media controls

Earlier this week, Azzad helped draft letters to Alphabet, Facebook and Twitter calling on their boards to take all necessary steps to address their role in enabling and facilitating violence at the U.S. Capitol and at state houses across the country in the run-up to inauguration day. Boards bear responsibility for ensuring that the enormous risks to both the business and to the public interest are mitigated. Content must be flagged and promotional algorithms that spread misinformation and hate speech must be disabled. As investors in the technology sector, we have a responsibility to ensure the companies we hold address

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Consolidated Appropriations Act Provides Relief to Individuals and Businesses

On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as well as some additional tax provisions. Unemployment provisions The legislation provides an extension to expanded unemployment benefit assistance (although at a lower amount): An additional $300 weekly benefit to those collecting unemployment benefits, through March 14, 2021 An additional 11-week extension of federally funded unemployment

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Pandemic relief passes Congress. Here’s what’s in the legislation.

Pandemic relief passes Congress. Here’s what’s in the legislation.

We have put together a quick breakdown of the new economic relief package that Congress recently passed, along with some general advice at the end. What’s in the box? The rescue package includes:1 $600 direct payments to adults and dependent children An extra $300/week in unemployment benefits through at least mid-March 2021 $325 billion in small business aid Vaccine distribution funding Food assistance for low-income households Emergency rental relief Who is eligible for the stimulus payments? It appears that lawmakers are following slightly different income limits than they used for the CARES Act. Individuals who earned less than $75,000 in

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ADJEX distribution takes place on December 18, 2020

On Friday, December 18, the Azzad Ethical Fund (ADJEX) made a capital gains distribution to all fund shareholders. This means the net asset value (NAV) – sometimes called the share price – was lower at the end of the day than it was at market close the day before. But this NAV drop doesn’t mean that ADJEX lost money because of this event, so there’s no need to worry. Pooled investments like mutual funds are supposed to work this way. When a mutual fund realizes capital gains, such as from stock dividends or from selling holdings that had increased in

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