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A Sukuk Primer

Sukuk are one of the most commonly used instruments in Islamic finance. They are also the vehicle behind some of the most dramatic growth seen in the capital markets in recent years. Government and corporate issues from both Islamic and other countries have driven the rapid growth of sukuk. Global sukuk demand is expected to grow from $240 billion in 2012 to $421 billion by 2016. General Electric, Goldman Sachs and the World Bank have all issued sukuk. Major financial firms like PIMCO and Fidelity are active participants in the sukuk market. INTRODUCTION Sukuk are sometimes referred to as Islamic bonds.

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ObamaCare and your pocketbook

For the millions of people who have individual health insurance, the impending implementation in 2014 of the Patient Protection and Affordable Care Act (PPACA), popularly known as ObamaCare, is of great concern. The focal  points of this landmark legislation  is the mandate which requires every American to have health insurance and prohibits health insurance providers from denying coverage to anyone regardless of their current medical condition. The effects of these aspects of the new law on insurance premiums are not uniform. They will vary from state to state and person to person. Where Obamacare hurts In states such as Indiana,

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What to do with your required minimum distributions (RMDs)

Required minimum distributions, better known as “RMDs,” refer to the amount of money that is required to be distributed from pre-tax retirement accounts, like IRAs, after age 70.5. If the amount is not withdrawn, a 50% penalty may be assessed. While some retirees might take the RMD for necessary personal expenses, there are other options available to those who do not need the money. Here are two simple ideas for what you can do if you don’t anticipate needing your RMD: 1)      Convert your IRA to a Roth:  The RMD itself is not available for a conversion (after all, the

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