Blog
Azzad offers condolences on the death of renowned scholar Dr. Mohamad Adam El-Sheikh
Azzad Asset Management, a leading Islamic wealth management and financial planning firm, today offered condolences to the family and loved ones of Muslim scholar and former Shariah Advisory Board Member Dr. Mohamad Adam El-Sheikh, who passed away on April 14th. Dr. El-Sheikh was a prolific writer and lecturer, sharing his insights on legal issues facing Muslims in the West. His scholarship was marked by a profound understanding of Islamic jurisprudence, or fiqh, and a commitment to contextualizing legal rulings within the realities of today’s society. Born in Sudan, Dr. El-Sheikh’s pursuit of mastery in the disciplines of fiqh and theology
Small Business Owners: What you need to know about CTA
As a small business owner, you may be impacted by a new law called the Corporate Transparency Act (CTA). Under CTA, you are required to file a beneficial ownership information report. Understanding CTA, what beneficial ownership information is, and how your business will be impacted will help you be compliant and avoid steep penalties (up to $10,000 and 2 years in prison). What is the Corporate Transparency Act? Congress passed CTA to combat money laundering and other illegal activities. It is meant to prevent “bad actors” from hiding their identities by using shell companies. The CTA requires certain businesses to
4 Facts About Capital Gains
When you sell a capital asset, such as an investment or a piece of property, the sale can result in a capital gain or loss. The IRS defines a capital asset as “most property you own for personal use or own as an investment.” Here are four facts you should keep in mind: *This information is not intended to be a substitute for specific, individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Top 3 Behavioral Mistakes Investors Make
We talk a lot about investor behavior at Azzad. Unlike the ups and downs of markets, it’s one of the few variables investors can control. We’ve identified three common mistakes we’ve seen over the years. We hope you can use them to improve how you approach the markets. Mistake 1: Selective Memory Few of us want to remember a painful event or experience in the past. In terms of investments, we certainly don’t want to remember stock calls that we missed, and especially not ones that proved to be mistakes that ended in losses. The more confident we are, the