Weekly Market Recap – February 8, 2021
GameStop FAQs
Here’s a quick guide to the market frenzy you’ve seen in the headlines. What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that hit hard times in the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock’s price would go down.1 Basically, short […]
Azzad Asset Management launches Shariah-compliant disruptive innovation portfolio
Endeavor with ARK Investment Management to offer thematic investing strategy through public markets Falls Church, Virginia, Feb. 2, 2021 — Registered investment advisor Azzad Asset Management announced today a new investment portfolio aimed at capitalizing on macro trends in disruptive technology. Giving clients “venture capital-like” exposure to innovative investments, the strategy, a first in the […]
Weekly Market Recap – February 1, 2021
Halal Investing 101: Back to Basics
The complex world of investing can be daunting for American Muslim investors. To make it more accessible, let’s look at some investing basics through the lens of Islamic finance and go over the halal options available in the United States. Stocks and bonds There are many kinds of investments available in the U.S., a number […]
Quarterly Azzad Funds Shareholder Letter
April 15, 2021 Dear Azzad Funds Shareholder, The first quarter of 2021 was an eventful one. Additional federal stimulus payments lined many pocketbooks; a group of amateur traders banded together through social media to drive shares of video game company GameStop to astronomical heights; interest rates jumped, stoking fears that inflationary pressures were rapidly building; […]
Market Recap: Fourth Quarter 2020
During a period marked by a resurgent pandemic and political uncertainty, the fourth quarter of 2020 was a robust one for stocks, with each of the major indexes posting double-digit gains. Despite the turmoil and early-year losses, all major benchmark indexes closed 2020 well ahead of their 2019 closing marks. On the last day of […]
Azzad joins investor coalition to push for social media controls
Earlier this week, Azzad helped draft letters to Alphabet, Facebook and Twitter calling on their boards to take all necessary steps to address their role in enabling and facilitating violence at the U.S. Capitol and at state houses across the country in the run-up to inauguration day. Boards bear responsibility for ensuring that the enormous […]
Weekly Market Recap – January 11, 2021
Consolidated Appropriations Act Provides Relief to Individuals and Businesses
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as […]
