Hajdari Group Offers Hopeful Message Regarding Stock Market and Economy

Investment Expert From The Hajdari Group Offers Hopeful Message Regarding Stock Market and Economy Fears Amidst Global Crisis: ‘There Is a Light at the End of This Very Dark Tunnel’

NEW YORK, March 30, 2020 /PRNewswire/ — Financial expert and leader of The Hajdari Group, Zaim Hajdari (https://thehajdarigroup.com/) recently spoke out concerning the widespread economic fears that investors and private citizens have shared with him. Along with the most prominent banks and governmental financial authorities of New York, The Hajdari Group has echoed a call for calm and stability in stormy financial waters. The Hajdari Group is a boutique financial investment firm that recently gained notoriety for its innovative and unique Sharia-compliant investment package – InvestHalal – which is currently overseen by some of the most revered Muslim scholars in New York City.

“These are extraordinary times, absolutely – no one can deny that,” said Zaim Hajdari. “I’ve been in the investment business for decades, and none of us have ever seen anything quite like this. It’s certainly reminiscent of 2008, with the financial markets in a dangerously powerful flux. But there is a simple and profound truth that I just cannot stress enough right now: America can weather this storm. We are a resilient people and our markets are some of the toughest on the planet. Those very markets have been through worse and survived. And I have absolute confidence in the American system. We will lead the pack, and drive the global economy back into prosperity much sooner than people realize.”

There are many questions being asked about the state of healthcare at this time, but some of the most pressing inquiries have to do with the economy. These questions include: Will this recession last a long time? Could it turn into a depression? And what exactly are federal governments doing worldwide, in addition to the Federal Reserve here in the U.S., to mitigate the damage that has already occurred?

Hajdari said: “Much depends on healthcare responses and outcomes in the U.S. right now. I think we can safely say that general profits and growth will be severely depressed for the second quarter of 2020. We’ve all begun to come to grips with that. But Congress has already agreed and voted on a major relief package, which has calmed market fears significantly, along with the Fed injecting liquidity. And if the U.S. can get a handle on the country’s pandemic crisis by early summer – and there are many hopeful indications that is already happening – then I think we’ll begin to see an upturn before 2021.”

As far as long-term economic speculation goes, Hajdari remarked: “As a financial advisor, you do your best – with a trained eye, experience, and the data available – to give your clients the most secure advice possible; and all within reasonable time frames. No one can precisely predict how bad this market will get, but I think we can safely assume that multiple factors are contributing to a quick bounce back, including: speedy marshalled global responses to the pandemic, multiple governments working to mitigate economic effects, healthcare innovations, and consumers who understand and have begun to adjust their risk tolerance for the long term. Fears are just that: fears. And though they can shake a market in alarming ways, most investors understand that solid, reliable investing takes a long-distance view. And that’s a simple but important truth that I try to impart to my clients. I tell them: ‘I understand you’re nervous, but let’s look at your risk tolerance; let’s see what your portfolio does right, and what we can adjust with the goal of making it perform better. And let’s do that with the understanding that all of us are in this game for the long term.'”

The Hajdari Group has a new branch office on Staten Island, and is currently taking appointments for free consultations now.

Disclaimer: The foregoing content reflects the opinions of The Hajdari Group and is subject to change. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct.

Past performance may not be indicative of future results. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful, or that markets will recover or react as they have in the past.

About The Hajdari Group

The Hajdari Group (“Hajdari Group”) is a registered investment advisor*.  Advisory services are only offered to clients or prospective clients where Hajdari Group and its representatives are properly licensed or exempt from licensure.

*Registration of an investment advisor does not imply any specific level of skill or training.

Contact:

Zaim Hajdari, President
212-381-0050
[email protected]

SOURCE Hajdari Group

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Celebrated Muslim Cleric Dr. Tahir Kukaj Named to Spiritual Advisory Board for InvestHalal

NEW YORK, Dec. 20, 2019 /PRNewswire/ — The Hajdari Group recently announced it was privileged to name Dr. Tahir Kukaj to its in-house advisory board for InvestHalal. A native Albanian and Vice President of the Albanian Islamic Cultural Center on Staten Island, Dr. Kukaj is well known as an active New York spiritual leader who has fostered interfaith unity in the Muslim community for over two decades. Dr. Kukaj was also recently named as a chaplain for the NYPD as an interfaith expert and Muslim scholar. InvestHalal is a unique, Sharia-based investment platform developed by The Hajdari Group specifically for Muslim investors.

“I am deeply honored and delighted that Imam Kukaj has accepted this position as an advisor for InvestHalal,” said Hajdari Group President, Zaim Hajdari. “He is a profoundly spiritual and thoughtful leader; one who has been rightly honored for his many contributions to both the Albanian and Muslim community as a whole. It has always been my intention to secure the best advisors possible for InvestHalal. And now, along with Imam Gjoni, I have two scholars who are not only deeply rooted in scripture, but also realistic and down-to-earth at the same time. Muslim investors can rest, absolutely secure in the knowledge that The Hajdari Group is well positioned to provide for their Sharia-compliant investment needs.”

When asked about his role on the InvestHalal board as a Koranic interpreter, Imam Kukaj said:

“I’m honored to be with great people like Zaim, and Imam Gjoni, whom I know well. Both men are well-respected community leaders and active practitioners of faith. So I am eager to work with them on various projects, as they appear. ‘We rise by lifting others,’ it is said. So helping to advise and guide the faithful is always a useful and laudable goal. As far as my particular duties on this board, Imam Gjoni and I will bring our scriptural knowledge to bear on various investment packages and questions, as they are received. This is the general idea, of course; though, as Imam Gjoni has remarked: it is a complex process that merits the efforts of both scholars and financial experts. And it is a welcome challenge.”

About Dr. Kukaj: New York Interfaith Icon

Dr. Kukaj was born in 1965 and grew up as an Albanian Muslim in Kosovo. He and his family were survivors of the war and subsequent strife that plagued Communist Kosovo during the 1970s and 80s, after enduring the loss of the Kukaj patriarch, Tahir’s grandfather, to a brutal communist execution. Citing his father’s altruistic benevolence as a major motivation in his life, Dr. Kukaj moved to Cairo in 1984 to study at the prestigious Azhar University. There, among his other studies, he learned Arabic and ultimately achieved a Ph.D. for his research. After immigrating to the United States, Tahir became both an Imam and a director of outreach at the Albanian Islamic Cultural Center on Staten Island.

Dr. Kukaj has served on the clergy advisory board for former New York Mayor Andrew Cuomo and current Mayor, Bill de Blasio, as well as a liaison for the Muslim community. Dr. Kukaj was named one of the 2019 Staten Island Power 100 by City & State Magazine, and is a noted specialist of interfaith outreach. A skilled spiritual diplomat, representing both his mosque and his faith, Dr. Kukaj routinely hosts a variety of interfaith dialogues and dinners with other Muslim, Jewish and Christian leaders of New York.

To learn more about Dr. Kukaj, or his spiritual and community work in New York City, visit the Albanian Islamic Cultural Center at: www.AICCNY.com.

About The Hajdari Group

Based in New York City, the Hajdari Group is an independent, boutique wealth-management firm founded by Zaim Hajdari — an experienced former-JPMorgan Chase investment manager who oversaw $3 billion in client assets. The Hajdari Group provides financial planning and wealth-management services to middle and high-income individuals and families. Other services include 401(k) rollover advice, retirement planning, college planning and estate planning. Most recently, the Hajdari Group has expanded its services by creating InvestHalal, a Sharia-based investment platform exclusively for Muslim investors. Learn more at: www.TheHajdariGroup.com.

Contact:
Zaim Hajdari, President,
212-381-0050
[email protected]

SOURCE The Hajdari Group

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Zaim Hajdari Named as Newest Board Member of Albanian-American Islamic Center of Queens

NEW YORK, Nov. 13, 2019 /PRNewswire/ — Imam Edin Gjoni and the Albanian-American Cultural Center of Queens (http://www.aaic-of-queens.com/) recently announced that it had named Zaim Hajdari to its advisory board. A devout Muslim, Zaim Hajdari is the founder and President of The Hajdari Group, a boutique wealth-management firm that is acclaimed for innovating one of the only Sharia-compliant financial programs in the United States. Hajdari’s unwavering support and commitment to uplifting his community were cited as key factors in naming him to the post.

“I am deeply moved and honored to be included on this board,” said Hajdari. “As the child of Albanian immigrants, it is extremely gratifying and humbling to be asked to help lead the next generation of Albanian-Americans into the future. I have profound respect for all of our local Muslim leadership, especially those who work so hard to ensure our mosque is a place of sanctity and refuge for those who seek it. I look forward to working with Imam Gjoni and my fellow board members to continue that important tradition.”

Imam Gjoni spoke of Zaim Hajdari’s prominence as a community influencer:

“The first, most basic requirement for those on the board are that they be involved, active practitioners of faith. But besides religiosity, board members must have strong community ethics. They must be present and available when needed. And although that seems a modest requirement, there are many who find it difficult to balance work and family with the necessary time spent in required faith-based practices. Zaim makes time for all three, and has always done so, just like his father. We can rely upon Zaim to be present at all of the most important events: baby blessings, funerals, marriages and community gatherings. Many of us come from small, close-knit communities in Montenegro, and we continue to value the ties that bind us together. We are second generation immigrants — sometimes we struggle to connect our pasts through our present lives, and into our futures. But Zaim and his family are a sterling example of those who are a bridge between where we came from and where we are: an Albanian-American Muslim legacy with a foot rooted firmly in both cultures.”

Of the various duties and responsibilities of board members, Imam Gjoni said:

“It is an advisory role of course, but it is also so much more. Board members work closely with other community leaders and Imams to ensure that the mosque and its outreach are performing the duties necessary to support our community. Members are an example of civic responsibility and duty. Their roles and responsibilities can vary with circumstances though, and never has this been more-true than now. After the devastating fire of 2017, we have struggled to replace much of what was lost to our Center. I’m sure you can imagine what a costly and onerous burden a fire can be for anyone, but it is especially difficult for a non-profit, Muslim religious sanctuary. More than just a place of worship, the Center is a gathering place for the entire community; it represents a safe place for discussions, education and outreach that serves an entire multifaceted population. Zaim will serve as a financial professional, negotiator and strategist throughout this complicated rebuilding process.”

Speaking of the Albanian-American Center’s long-term goals, Imam Gjoni remarked:

“Serving as a generational bridge is very important, as I’ve said, but that position cannot be overstressed. Newer generations need a role model, an ambassador they can believe in because that ambassador has already walked a similar road. Zaim teaches the core virtue of service-to-others in the best way possible: by modeling the behavior himself. He is a humble servant of the community, as we must all be. We are all part of communities: one spirit, one people. And we bring our histories with us.”

About The Hajdari Group

Based in New York City, the Hajdari Group is an independent, boutique wealth-management firm founded by Zaim Hajdari — an experienced former-JPMorgan Chase investment manager who oversaw $3 billion in client assets. The Hajdari Group provides financial planning and wealth-management services to middle and high-income individuals and families. Other services include 401(k) rollover advice, retirement planning, college planning and estate planning. Most recently, the Hajdari Group has expanded its services by creating InvestHalal, a Sharia-based investment platform exclusively for Muslim investors. Learn more at: www.TheHajdariGroup.com.

Media Contact:

Zaim Hajdari, President,
212-381-0050
[email protected]

SOURCE The Hajdari Group

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The Hajdari Group Opens New Branch on Staten Island

NEW YORK, Oct. 28, 2019 /PRNewswire/ — With its main office in Manhattan, The Hajdari Group (https://thehajdarigroup.com/) recently announced the official opening of its first branch location at 1491 Richmond Road, on Staten Island. The new branch location is open to all Staten Islanders and their families who wish to explore the multitude of options available for financial planning. Hajdari Group President Zaim Hajdari, a native Staten Islander, also extended a special personal invitation to the local Albanian community, of which he is a member.

“The opening of this branch on Staten Island is the actualization of an important dream for me,” said Zaim Hajdari. “I was born and raised here on the island, a child of hardworking immigrant parents. I understand those struggles. And although I trained on Wall Street, working with some of the wealthiest and most influential financial institutions in the country, I have always had my roots here. I wanted to bring back what I’ve learned, my wealth management experience, and offer it to families who are trying to navigate their financial futures.”

The Hajdari Group: A Financial Planning Spectrum for Everyone

Advisors within The Hajdari Group offer a multi-pronged approach to wealth planning and allocation. First, advisors offer strategies to help individuals manage and invest their wealth. Secondly, clients are given assistance with preserving the wealth they have already accumulated. Third, a variety of wealth distribution strategies are explored. And finally, clients are guided in the planning needed to successfully distribute their estate to their designated heirs.

Some specific services offered include:

  • Asset Allocation: Advisors help clients work through the complicated and often confusing ways in which one’s wealth can be allocated to achieve greater financial returns rather than simply storing such wealth. Depending on a client’s needs, these allocations can include U.S. equities, foreign equities, cash, real estate and other investments.
  • Financial Planning: Financial markets are complex, fluid and ever evolving. Advisors keep a trained eye on these markets, while helping guide clients through their individual, customized financial planning needs.
  • College Planning: The high cost of college is a regrettable fact that parents must face. Good savings plans from a variety of family members can help younger generations meet the financial burdens of tuition costs.
  • 401(k) Rollover: Many successful small businesses have a difficult time understanding and meeting the 401(k) needs of their employees. Hajdari advisors are adept at 401(k) education and guidance for both employers and employees.
  • Tax Planning: Tax compliance and reduction is a crucial element to a successful financial plan. This is relevant regardless of one’s income level, but is especially compelling for families and small businesses that rely on every dollar saved. Navigating tax rates, credits, deductions and other items, in light of overall financial goals, can be a daunting task without professional guidance.

“Financial planning is not just an exclusive concern of the rich: it’s important for anyone who seeks to secure the future of their family’s legacy,” said Zaim Hajdari. “And that takes time. It also takes getting to know people as individuals, not just their portfolios and their accounts. What do my clients really want out of life? The answer to that question is just as important to me as each client’s financial goals.”

The Hajdari Group has always offered no-obligation free consultations, to ensure that their services are a perfect fit for each client. The Staten Island branch is taking appointments for free consultations now.

About The Hajdari Group

Based in New York City, the Hajdari Group is an independent, boutique wealth-management firm founded by Zaim Hajdari — an experienced former-JPMorgan Chase investment manager who oversaw $3 billion in client assets. The Hajdari Group provides financial planning and wealth-management services to middle and high-income individuals and families. Other services include 401(k) rollover advice, retirement planning, college planning and estate planning. Most recently, the Hajdari Group has expanded its services by creating InvestHalal, a Sharia-based investment platform exclusively for Muslim investors. Learn more at: www.TheHajdariGroup.com.

The Hajdari Group (“Hajdari Group”) is a registered investment advisor*.  Advisory services are only offered to clients or prospective clients where Hajdari Group and its representatives are properly licensed or exempt from licensure.

*Registration of an investment advisor does not imply any specific level of skill or training. 

Contact:

Zaim Hajdari, President
212-381-0050
[email protected]

SOURCE Hajdari Group

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The Hajdari Group Forms Scholar Advisory Board for Sharia-Compliant Investment Program

NEW YORK, Sept. 3, 2019 /PRNewswire/ — The Hajdari Group (https://thehajdarigroup.com/) recently announced that it had established an in-house team of scriptural experts to serve as advisors for its new InvestHalal program, and have secured the services of Imam Edin Gjoni as the board’s founding member. Imam Gjoni is a noted Koranic interpreter and has served New York and the borough of Queens with distinction as a spiritual leader and trusted liaison to the NYPD.

“I am absolutely thrilled to welcome Imam Gjoni as the inaugural advisor for InvestHalal,” said Hajdari Group President, Zaim Hajdari. “He is a meticulous and thoughtful scholar, and one of the most compassionate and caring human beings I have ever known. By lending us his considerable expertise, InvestHalal will continue to set the standard as the preeminent Sharia-compliant investment program in the country.”

Of his background, education and dedication to scholarship, Imam Gjoni said:

“I come from a hardworking family with a strong academic background. I give credit to my grandfather whose legacy left an imprint on my upbringing. He was the Head Mufti of Montenegro and one of the only few Hafiz of the whole Qur’an of his time. My late father was an Economist by profession. For a long time, he was a director of Yugo bank, up until his retirement. My mother played an active role in politics for most of her career. She is now the Vice President of the municipality of Ulqin.”

“Much of my early life was dedicated to studying. I tried to intertwine both religious and – so called – secular disciplines. I enjoyed studying Qur’an, Hadith, Kalam, Jurisprudence and History of Islam; learning Arabic morphology and syntax, as I also enjoyed learning foreign languages. I have also met and had discussions with well-renowned professors and scholars, like Enes Karic, Adnan Silajdzic, Resid Hafizovic, Fikret Karcic, but also Abdul Hakim Murad (Tim Winter), Abdulkarim Soroush, Tariq Ramadan and others.”

Imam Gjoni spoke about serving in New York and at the Albanian Islamic Cultural Center in Queens:

“I am currently working on the expansion project here at our center. In addition, I am actively involved as a clergy liaison with the NYPD. But my day-to-day work involves leading the five daily prayers as well as preparing for Friday sermons.”

When asked about his role on the InvestHalal board as a Koranic Interpreter, Imam Gjoni said:

“By definition, the commentator of the Qur’an (al-Mufassir) is the person who strives to understand, not only the meaning that comes from the Text, but God’s intention from the Holy Text. Because not every meaning that comes from the Text represents God’s intention. Therefore, the commentator’s task is to identify one or multiple meanings, to explore them, and through the methodology of preference (terjih) to distil one or more complementary meanings that could represent God’s intention. Although the Quran never changes, the social situation does. And it’s important to know how that text applies to the world we live in today. Considering that the Qur’an, as God’s Word, is the first and the main source of Islamic Law, then the matters of legal nature that includes the Halal/Haram domain by default become the subject of interest for any Mufessir. We can barely speak about any important legal issue without referring to Qur’an.”

“Yet, regarding the halal and haram investment, I believe that is not enough to be solely an expert in Qur’anic commentary nor in Islamic Law. The contemporary Islamic finance is a very complex multidisciplinary field that requires the attention of both religious and financial experts. And I would mention in this context the Qur’anic verse that represents my motto in the field: ‘He has not placed no hardship for you in religion’ (22:79).”

About The Hajdari Group

Based in New York City, the Hajdari Group is an independent, boutique wealth-management firm founded by Zaim Hajdari — an experienced former-JPMorgan Chase investment manager who oversaw $3 billion in client assets. The Hajdari Group provides financial planning and wealth-management services to middle and high-income individuals and families. Other services include 401(k) rollover advice, retirement planning, college planning and estate planning. Most recently, the Hajdari Group has expanded its services by creating InvestHalal, a Sharia-based investment platform exclusively for Muslim investors. Learn more at: www.TheHajdariGroup.com.

Media Contact:
Zaim Hajdari
212-381-0050
[email protected]

SOURCE Hajdari Group

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Should You Consider a Roth 401(k)?

Many companies now offer employer-sponsored Roth 401(k) retirement accounts alongside traditional 401(k) plans, giving employees another way to save for retirement. What’s the difference between the two accounts? And should you consider opening a Roth 401(k)?

Here we’ll take a look at how Roth 401(k) plans stack up against their traditional counterparts and what to consider before contributing to one.

Click here to read the full article
Source: Schwab.com

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MarketCurrents Features The Hajdari Group

Rise of Islamic Finance Helps Muslim Family Offices Make Investments True To Faith

The Hajdari Group was recently mentioned in MarketCurrents article about Islamic finance. Hajdari Group President Zaim Hajdari was also quoted in the article.

Here is an excerpt:

However, the industry has yet to catch on in the United States, home to over 3.4 million Muslims. Muslim industry veterans such as The Hajdari Group’s Zaim Hajdari want to change that. The Hajdari group recently launched “InvestHalal” – a financial planning platform that screens financial assets to ensure shariah-compliance.

“Being a Muslim myself and having served many Muslim investors over my 25 years as an advisor, there has always been a high level of frustration with the lack of investment choices and guidance to Muslims in the U.S.,” says Hajdari.

According to his team’s research, a fifth of American Muslims earn more than $1 million, 81% of them are aged between 18 and 49, 65% have a college or post-graduation degree, and 69% pray at least once a day. “We feel that there is a high degree of probability that the same people who choose to live, eat and drink Halal (in compliance with shariah law)…would also choose to invest Halal given the opportunity to do so,” he said.

Read the full article here
Source: MarketCurrents

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Islamic Finance News Features The Hajdari Group

New York boutique wealth management firm targets Muslims with dedicated Shariah financial services

Despite rising anti-Muslim rhetoric in the US, a New York-based wealth management firm has begun offering Shariah compliant investment services; VINEETA TAN writes that this suggests that market players still see commercial opportunities in the niche Islamic finance industry.

Having served investors in the US over the last decade, boutique investment firm Hajdari Group has decided to cater to faith-conscious Muslim clients by launching a new financial planning platform, InvestHalal, which follows Shariah standards set by the Fiqh Council of North America and AAOIFI.

“Faith-based and socially responsible investing is very appealing for many investors. But access to faith-based investment strategies has generally been unavailable in the US to Islamic investors,” Zaim Hajdari, the president of Hajdari Group and former JPMorgan banker, explained. “We are proud to be a Muslim-owned, New York-based investment firm that has taken the time, effort and scholarship necessary to ensure Shariah compliant investment opportunities for those who wish to pursue them.”

Click here to read the full article
Source: Islamic Finance News

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New Platform Helps Muslim Clients Adhere to Faith When Investing

Hajdari Group President Zaim Hajdari was recently interviewed by WealthManagement.com to discuss the company’s new InvestHalal faith-based investment platform.

Here is an excerpt:

A new faith-based financial planning platform offers practicing Muslims the chance to invest in ways that adhere to their faith.

The Hajdari Group announced its new InvestHalal platform this week, ensuring Shariah-compliant asset management by working with financial planners who avoid heavily indebted companies, as well as companies that derive more than 5 percent of their income from products like alcohol, weapons or tobacco. Zaim Hajdari, the firm’s president, told WealthManagement.com that tools like InvestHalal were a sorely needed benefit for Western Muslim investors.

“While there was no shortage of faith-based investing, or for that matter ESG investing, there’s been a bit of frustration due to the lack of options available specifically as it relates to the Muslim community,” he said. “We work with a variety of Islamic scholars to ensure compliance, but it takes a bit of effort to screen these products to ensure they are meeting the prerequisites set by a lot of these organizations and Islamic scholars.”

Read the full article here

Source: WealthManagement.com

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