Setting up a special needs trust

If you have a child or other loved one with special needs, you may want to establish a special needs trust. A special needs trust is an estate planning tool that can help you provide for the needs of an individual who is disabled without jeopardizing his or her eligibility for government benefits...
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Finding the right halal contract

NOTE: Although we do not offer Islamic mortgage contracts at Azzad Asset Management—focusing instead on halal investments like the Azzad Ethical Wrap Program and the Azzad Funds—our financial planners want to make sure clients understand the depth and scope of financial products in the marketpla...
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Year-end charitable giving

As the end of the year approaches, charitable giving often comes to mind. Charitable giving can be enhanced using income tax deductions, and so it can be much more effective when it is included as part of your year-end tax planning. Example(s):   Assume you are considering making a charitable gift...
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Twitter IPO: To invest or not to invest?

It’s official. The bird began trading on Wall Street last week with its IPO surging over 70% bringing the company’s value to more than $25 billion. According to Wall Street’s valuation, each Twitter user is worth around $110. At its peak, shares were trading at 45.8 times revenue over the past...
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A slice of sukuk from the Big Apple?

On the heels of Prime Minister David Cameron’s announcement that the UK will issue a sovereign sukuk, a New York state senator is passionately making the case that New York needs to be in the sukuk business. “New York is open for business,” said state Senator Kevin Parker, a Democrat from Broo...
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Islamic inheritance: Myth versus fact

Myth:  I live in America where there are no Islamic courts.  Islamic inheritance is too complicated to be enforced in the United States. Since I have to live by the law of the land, I can’t plan for an Islamic inheritance. Fact: In the United States, you can plan your inheritance through a last ...
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