Weekly Market Recap – December 27, 2021
The Markets (as of market close December 23, 2021) Wall Street closed the holiday-shortened week at record levels as investors seemed to speculate that the economic recovery could weather the growing number of coronavirus cases. The S&P 500 closed the week at a record high. The Nasdaq and the Russell 2000 ended up over 3.0%. […]
Weekly Market Recap – December 20, 2021
The Markets (as of market close December 17, 2021) Omicron, escalating prices, and the tightening of monetary policy by central banks in the United States and around the world took center stage last week. The prospect of higher interest rates in 2022 could make it less appealing to own riskier investments. All of the stock […]
Azzad Asset Management announces 1st Islamic family trust in United States
‘Waqf’ product created in collaboration with estate planning firm Shariawiz Falls Church, Virginia, Dec. 16, 2021 — Azzad Asset Management announced today the debut of a family trust product specifically designed for American Muslims. The Shariah-compliant family trust, a first in the United States, is also known by the Arabic term waqf and is designed to […]
Weekly Market Recap – December 13, 2021
The Markets (as of market close December 10, 2021) Stocks closed last week higher for the first time in three weeks. The S&P 500 enjoyed its best weekly gain since February. Fears over the effects of the Omicron variant on economic growth seemed to subside somewhat as each of the benchmark indexes recorded notable gains. […]
Weekly Market Recap – December 6, 2021
Wall Street could not maintain its early momentum, closing the week down. Lower-than-expected employment, new reports of Omicron variant cases, and a hawkish stance from the Federal Reserve led to uncertainty in the market. Each of the benchmark indexes ended the week lower, led by the small caps of the Russell 2000 and the tech-heavy […]
Four ways to make charity part of your family’s financial plan
As your family’s wealth grows, you may start to prioritize giving back to your community. Cultivating philanthropic values can help foster responsibility and a sense of purpose among both young and old alike, while fulfilling your financial goals. Charitable donations may be eligible for income tax deductions (if you itemize) and can help reduce capital […]
RMDs are back
Over your lifetime, you may have been focused more on accumulating assets in tax-deferred retirement accounts like 401(K)s and traditional IRAs. However, Uncle Sam will soon come knocking for his portion of the pie that you’ve accumulated, specifically when you turn 72. Here are a few things you should know about required minimum distributions (or […]
Weekly Market Recap – November 29, 2021
Thanksgiving week proved to be a tumultuous one for investors. Each of the major benchmark indexes ended the week in the red following news of a new COVID variant in South Africa. In response, several countries, including the United States, initiated travel bans and tightened border controls. Crude oil prices fell 13.5% in the week […]
Financial Planning – Helping You See the Big Picture
Investments, including the investments of the Ethical Wrap Program, are not FDIC insured, so you may lose money. For more information please read the firm’s ADV Part 2 and wrap brochure. Please also see Azzad’s Form CRS Relationship Summary. These documents contain more information about the program’s objectives, risks, fees, and performance. Past performance cannot […]
Weekly Market Recap – November 22, 2021
The Markets (as of market close November 19, 2021) Stocks closed last week mixed, with the Nasdaq and the S&P 500 posting gains, while the Russell 2000, the Global Dow, and the Dow fell. Another round of strong corporate earnings data was enough to overcome investor concerns that rising inflation might accelerate the withdrawal of […]
