ABOUT US
Pragmatic Wealth Management Pvt. Imtiaz Merchant in the year 2009 is a Shariah Wealth Management Advisory company with clear focus on Islamic Investments. It aims to tap the hugely unexplored market of Shariah Compliant Investment. The company is registered with Registrars of Companies (ROC). The company also has approval from SEBI to run the stock broking business. PWM is of one of the
pioneers of Shariah Investment Services equipped with strong experts having technical expertise as well. PWM endeavors to create awareness about investments in the “Islamic Way”, with a clear mission to popularize the investments through social responsibility and ethics for which PMW has developed a first of its kind magazine focusing on Islamic Finance, registered as 'Islami Tijara'. OUR MANAGEMENT
Imtiaz Merchant- Managing Director
Mr. Imtiaz Merchant is a Commerce Graduate from Mumbai University and holds a diploma in Marketing Management. He is a Fundamental and Technical market Analyst, with 16 years of experience. Merchant is well-versed with the Islamic Finance Market and the Shariah Compliance norms for investments. He has spent years of extensive efforts to understand the principles of Islamic Finance and has been in constant discussions with Islamic Finance scholars and experts. He has the privilege to create Shariah Compliant Stock Universe and various investment portfolios for investment. Ayzaz Rehman Motiwala- Director
Mr. Ayzaz Rehman Motiwala is a commerce graduate. He has 12 years of experience in stock market. He is also part of the research team of Pragmatic Wealth Management, and is good at picking stocks for investments based on fundamental studies. He has decent knowledge of Islamic investments. OUR ACHEIVEMENTS
Shariah Broking Services: Our company PWM has received the Stock Broking license from SEBI vide SEBI REG.NO. INB071490636 on July 28, 2013, and we are A.P. (Authorized Person) of Madhya Pradesh Stock Exchange. By virtue of being MPSE member, our clients can trade in both BSE & NSE. Our focus remains on research of the Shariah compliant companies; our past performances have demonstrated our outperformance in terms of returns on investments through our Advisory. We also provide online trading facilities to our trading members. Stock Advisory Services
In the year 2013 PWM launched stock advisory with brand name Adaaf Advisory services wherein it developed various advisory services from short term investment to very long term investments, the details of the same is available on the website www.adaafadvisory.com. The performance demonstrates itself the return on investments
made through investment advisory services. This service is under the SEBI registered certificate given to the PWM Director Mr. Imtiaz Merchant. Shariah Portfolio Management Services (PMS): In the year 2012, PWM entered in a strategic tie-up with Bonanza Portfolio Ltd (BPL), 5th largest stock broker in India and launched Shariah Portfolio Management Services (PMS) called ‘Bonanza Pragmatic Shariah Fund’ (BPS-Fund-PMS), wherein PWM is an advisor and Bonanza looks after marketing and the back office operations of the funds. The objective of the fund is to secure long term gains from the investments in the combination of large and mid size companies, spread over 9 Islamically permissible sectors which are Shariah compliant. The minimum investment size is Rs. 25 Lacs. This scheme is approved by the SEBI. This fund will soon be marketed globally. Islamic Finance Magazine: In the year 2010, PWM initiated India's premier quarterly Islamic finance magazine 'Islami Tijara'. Islami Tijara delivers to its discerning readership a mix of exclusive contributions. It provides an in-depth coverage of Islamic Finance and Investment opportunities. It aims to enhance the knowledge of people on Islamic Finance which is a burning need in today's dismal economic scenario. Every issue of Islami Tijara speaks about Islamic Finance in Qur'an, Hadeeth and Fiqh, provides Comprehensive Research Reports on Companies, Industries, Markets and Economy. Articles from reputed Writers, Columnists, Islamic Scholars and Financial Experts are published. Islami Tijara also covers news and interviews on Islamic Finance. Shariah Index: PWM has successfully created 14 Shariah indices, 5 Sized based and 9 Sector based in 2009. These Indices comprise of Shariah compliant stocks that successfully have passed the Shariah Screening Norms on Industry and financial Ratio filters. We have created a unique methodology to create these indices. All these indices are backtracked to 2006 and it has been observed that they outperform most of their benchmarks. The indices are under the Copyright of PWM. (For more details and live index prices, visit www.pragmaticwealth.net)
Shariah Compliant Stock Universe: PWM, since its inception, has screened Indian equity market on Shariah norms. As on April 2017, 1219 companies in Bombay Stock Exchange (BSE) are Shariah compliant, based on the norms approved by the Shariah board (IIFB) and its total market capitalization is 57.15 percent of the total BSE market capitalization. Out of these 1219 Shariah compliant stocks, PWM has selected 211 top companies for investments and the market capitalization of these top 211 Shariah compliant Stocks is 50.00 percent of the total BSE market capitalization. Islamic Investment Finance Board (IIFB): Pragmatic Wealth Management Pvt. Ltd (PWM) formed IIFB in 2010. PWM receives approval of Islamic investment products from Islamic Investment Finance Board (IIFB), an independent Shariah Board. It is also a non-profit organization governed under the adept leadership of Maulana Mohammad Wali Rahmani, the Secretary of All India Muslim Personal Law Board. The IIFB comprises of eminent Muftis and Aalims from across the country, namely, Maulana Khalid Saifullah Rahmani, Maulana Fuzailur Rehman Hilal Usmani, Mufti Shoibullah Khan, etc. The primary responsibilities of the IIFB are to issue Shariah certificate, and ensure that all the Islamic investments made are Shariah compliant. Branches: Pragmatic Wealth Management Pvt. Ltd (PWM) has got 4 of its branches in the southern part of India. We aspire to go Pan India in the coming years. The 4 branches are located at:
* Hyderabad / Bangalore / Aurangabad / Surat
