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Azzad Asset Management reaches $1 billion in assets under management

What you need to know when choosing a beneficiary

When was the last time you reviewed your beneficiary designations? The beneficiaries you name on your financial accounts take precedence over a trust or will. That’s why making sure your beneficiary designations are current is critical. We recommend reviewing your beneficiaries annually, and after major life events like marriage, divorce, a new child, and death. When you open accounts like IRAs, 401(K)s, and Health Savings Accounts you are asked to name your primary and contingent beneficiaries. A common mistake is not naming contingent beneficiaries. If your primary beneficiary passes, and there’s no contingent beneficiary, your assets will go to your

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The best place to organize all the pieces of your financial life is within a financial plan.

5 Financial Resolutions to Start 2023 on the Right Foot

The beginning of a new year is a great time to commit toward improving your financial life. Do you have an old 401(k) that’s riddled with haram holdings, but haven’t found the time to correct it? Perhaps you’re busy working hard only to feel like your savings going nowhere. Is your financial life so chaotic you don’t know where you are relative to achieving any of your goals? Whatever the case, now is the time to set your intentions and establish good habits. Of course, achieving your goals won’t happen overnight. It’s also easy to get sidetracked as the year

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What do a supermodel, Shark Tank star and sovereign wealth fund have in common? They all failed to ask questions before investing their money.

FTX – Lessons Learned from a Lack of Due Diligence

What do a supermodel, Shark Tank star and sovereign wealth fund have in common? They all failed to ask questions before investing their money. The investments were related to the cryptocurrency exchange FTX and its trading arm affiliate, Alameda Research. Here are 4 factors you should consider before you invest in any potential investment. Conflicts of Interest Between Affiliated Entities The adage “follow the money” can help you identify potential conflicts of interest between entities. Conflicts of interest may sometimes be unavoidable. They aren’t always a bad thing. However, related party transactions should be disclosed. You should also understand how

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Here is an update on some significant changes designed to help Americans save more for retirement.

SECURE Act 2.0: What You Need to Know

Here is an update on some significant changes designed to help Americans save more for retirement. You may have heard of the SECURE Act 2.0, which Congress passed as part of a larger federal spending bill last week.1 This legislation builds upon the 2019 Setting Every Community Up for Retirement Enhancement Act and includes several provisions that may be beneficial to savers and investors. Here are some of the key points to be aware of: While the SECURE Act 2.0 may not solve the broader issue of inadequate retirement savings for all Americans, it’s still a significant development that could benefit

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