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The stock market and the economy are NOT the same thing

In April, the Dow Jones Industrial Average staged its best two-week performance since the 1930s, a dramatic rebound that illustrates a bizarre reality about the stock market these days: markets can go up even when the economic news is terrible. Dramatic rallies are a sign that many investors are positioning themselves for the United States to make a speedy recovery when the coronavirus crisis eases. Investors have been encouraged by states getting back to business, along with hopes that a treatment for COVID-19 could be near. Many investors agree that the most important driver of these sorts of rebounds has

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Why going 100% cash is stupid

Your investment portfolio is like a bar of soap. The more you touch it, the smaller it will get. Let’s be real: Some of our clients are skittish. Like many people, when they see negative headlines, their first instinct is to sell their stock holdings and head for the perceived safety of cash. This is a bad idea for lots of reasons. First, though, let’s get one thing out of the way off the top: You should know that Azzad receives no financial incentive to keep you in stocks. We charge a fee comprised of a percentage of assets held,

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Statement of Solidarity with Black America

Justice for all through collective action “Whoever recommends and helps a good cause becomes a partner therein, and whoever recommends and helps an evil cause shares in its burden; and Allah has power over all things.” – Holy Qur’an (4:85) Azzad Asset Management stands in solidarity with the Black American community. As a socially responsible, faith-based financial firm, social justice is not a new cause for us. Azzad works to promote financial inclusion, votes our clients’ shares to promote diversity, equity and inclusion, and seeks to hold companies’ managements accountable when they refuse to elevate marginalized communities. In short, we understand

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Beware of these coronavirus scams

Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers’ heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have begun issuing warnings on the surge of coronavirus scams and how consumers can protect themselves. Here are some of the more prevalent coronavirus scams that consumers need to watch out for. Schemes related to economic impact payments The IRS recently issued a warning about various schemes related to economic impact payments that are being sent to taxpayers under

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