Investment banking activities like trading stocks, bonds, currencies and commodities are controversial in Islamic finance. While some scholars argue investment banking supports riba (interest) and gharar (excessive risk), others say it can be made compatible with Sharia law. This article examines the key issues and arguments to help Muslims decide if common investment banking activities … Read more
Investment companies encompass a broad range of financial institutions that provide various services to retail and institutional investors. But with different business models across the industry, how do these companies actually generate revenue and profit? In this comprehensive guide, we’ll analyze the major ways investment firms earn income, break down key revenue drivers, and compare … Read more
Key Takeaways on Investment Taxes Type of Investment Key Tax Implications Strategies to Minimize Taxes Stocks Taxed on capital gains and dividends Use loss harvesting and hold long-term Bonds Taxed on interest income Use municipal bonds to avoid taxes Mutual Funds Capital gains and dividend distributions Use ETFs and index funds IRAs/401(k)s Tax-deferred growth Contribute … Read more
Key Takeaways Takeaway Summary Cryptocurrency is a high-risk, high-reward investment Cryptocurrencies are volatile but can see huge price increases. Only invest what you can afford to lose. Do your research There are over 10,000 cryptos. Research the technology, team, roadmap, and community before investing in a coin. Consider Bitcoin and Ethereum first Bitcoin and Ethereum … Read more
When investors experience capital losses by selling assets like stocks, bonds or real estate for less than the purchase price, a common question is whether these losses can offset or reduce taxable income. The answer is yes – investment capital losses can directly offset capital gains, and any remaining net losses can offset up to … Read more
Investments are purchased assets that appreciate over time to build wealth. Though some investments carry liability risks like debt or taxes, most are assets that offset liabilities and provide income. Key Takeaways: Investments are assets that appreciate to offset liabilities and build net worth over time. Though all investments carry some risk, assets like stocks, … Read more
Before diving into the details, here are the key takeaways: Key Takeaways • Insurers can deny a claim if you violate policy terms, commit fraud, or make a claim past the deadline • Common reasons for denied claims include late reporting, improper documentation, and policy lapses • You can appeal a denial through your state … Read more
Key Takeaways Key Points Summary What is Mesothelioma? A rare, aggressive cancer caused by asbestos exposure Mesothelioma Compensation Financial compensation for expenses and losses from a mesothelioma diagnosis or death Who Can File a Claim? Family members and estate of someone who died of mesothelioma What Compensation Can Be Recovered? Lost wages, medical bills, funeral … Read more
Mesothelioma is an aggressive cancer caused by exposure to asbestos. Many patients choose to file a mesothelioma lawsuit seeking compensation from liable companies. Settlement payout amounts vary widely, but the average is around $1 million to $1.4 million. However, it’s not uncommon for verdicts awarding victims $5 million to $10 million or more. Several key factors impact the … Read more
If you’ve suffered a workplace injury, you may be wondering if the workers’ compensation benefits you receive will be taxed. In most cases, the answer is no. However, there are notable exceptions, especially when it comes to state taxes and certain types of payouts. This detailed guide examines the tricky question of taxes on workers’ … Read more