Frequently Asked Questions: Coronavirus and Markets

In order to help clients navigate the extreme market volatility related to the coronavirus pandemic, we’ve put together the list of FAQs below. Check back often as this list will be updated. For more information and assistance, please contact your Azzad advisor at 888.86.AZZAD. We will continue to monitor developments of COVID-19 and its impacts as information becomes available. We advise clients to stay patient and stick to their strategic asset allocation. Thank you for your continued trust and investment. Q: What options are available to small business owners who want to retain their employees but need temporary help? A: Many of our clients are small business owners, and some are searching for answers in this difficult time. Current economic conditions have adversely affected financial performance, and managers being forced to make some hard decisions. First, try to avoid panicked moves, like layoffs, until you’ve considered options to help control costs. Even a temporary reduction in employees’ salaries is a better option than letting people go–both for you and them. As for government aid, Congress is taking steps to alleviate the suffering of small businesses. There are three phases of coronavirus-related relief legislation, two of which have been signed into