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Due Date Approaches for 2020 Federal Income Tax Returns

Due Date Approaches for 2020 Federal Income Tax Returns

Due Date Approaches for 2020 Federal Income Tax Returns Tax filing season is here again. If you haven’t done so already, you’ll want to start pulling things together — that includes getting your hands on a copy of your 2019 tax return and gathering W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return or paying someone else to prepare your tax return for you. Don’t procrastinate. The filing deadline for individuals is generally Thursday, April 15, 2021. Filing for an Extension If you don’t think you’re going to be able to file your federal

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An Islamic perspective on short selling

An Islamic perspective on short selling

“Sell not what you do not own.” – Prophet Muhammad (peace be upon him) We have been fielding some questions from clients regarding GameStop and other extreme market action in recent weeks. Here’s our list of frequently asked questions on the subject. It’s designed to help our clients through these strange times. Azzad’s portfolio managers do not have exposure to GameStop or other names that have been influenced by coordinated moves from retail investors. As you might expect, the small size of those stocks and their generally lower quality do not make them likely candidates for ownership. It isn’t GameStop’s

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GameStop FAQs by Azzad Asset Management

GameStop FAQs

Here’s a quick guide to the market frenzy you’ve seen in the headlines. What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that hit hard times in the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock’s price would go down.1 Basically, short sellers do the opposite of most investors. They try to make money when a stock’s price falls. They borrow shares from their brokerage for a fee, immediately sell them, and plan to buy them back later at a lower price when the price falls. Shorting

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Halal-Investing-101-Back-to-Basics - Azzad Asset Management

Halal Investing 101: Back to Basics

The complex world of investing can be daunting for American Muslim investors. To make it more accessible, let’s look at some investing basics through the lens of Islamic finance and go over the halal options available in the United States. Stocks and bonds  There are many kinds of investments available in the U.S., a number of which we’ll discuss later in this piece. The most common publicly traded investments are stocks and bonds. So, let’s start with those. Stocks represent ownership shares of a publicly traded company, including a claim to a share of the corporation’s assets and earnings. When

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