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About Us
 


Pragmatic Wealth Management Pvt. Ltd. (PWM) founded by Mr.ImtiazMerchantin the year 2009 is a Shariah, Broking, Wealth Management & Advisory company with clear focus on Islamic Investments. It aims to tap the hugely unexplored market of Shariah Compliant Investment (Known for Ethical & Socially Responsible Investing). The company PWM is registered with Registrarsof Companies (ROC). The company also has approval from SEBI to run the stock broking business as a channel partner.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.Inorderto create awareness knowledge of Islamic Finance, PMW has developed a first of its kindQuaterly Magazine in English focusing on Islamic Finance, called 'IslamiTijara'.

OUR MANAGEMENT

Imtiaz Merchant- Managing Director
Mr.Imtiaz Merchant is a Commerce Graduate from Mumbai University and holds a PG diploma in Marketing &Management. He is a Fundamental and Technical Stock Market Analyst, with 20years of experience.Mr. Merchant is well-versed with the Islamic Finance& Investment and havedevlop products & services and Shariah Compliance norms for Investments. He hasspent years of extensive efforts to understandthe 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 & 14 Shariah compliant Indices( they are live on company’s website ) Imtiaz Merchant is registered as Research Analyst with SEBI vide certificate No. INH000001683.

Ayzaz Rehman Motiwala- Director
Mr. Ayzaz Rehman Motiwala is a commerce graduate. He has 16 years of experience in stock market. He is also part of the Equity Research group of Pragmatic Wealth Management, and is has good skills to pick quality stocks for investments based on Fundamental (Macro & Micro) studies. His success ratio is quite good particularly the Multi- Bagger stocks. He also has decent knowledge of Islamic investments.

COMPANIES ACHEIVEMENTS

Shariah Broking Services:
PWM has received the Stock Broking license from SEBI vide SEBI REG.NO. INB071490636 in July 2013,and company is A.P. (Authorized Person)of Safal capital .The clients can trade in both BSE & NSE. The companyis focused on research of the Shariah compliant companies and unlike other brokers, PWM strictly discourages Day’s trading and Derivatives trading. Where research is concernthe past performances have demonstrated the outperformance in terms of Returns on Investments (ROI) The company also provide online trading facilities to thier members and as a broker advise clients what to buy and when to buy and sell.

Stock Advisory Services:
PWM also gives stock Advisory services since the year 2014 on subscription base to those investors who wants to trade through our guidance The Stock Advisory Services consist of Short term, Medium and longterminvestment calls including Multi- Baggars.

Islamic Finance Magazine:
In the year 2010, PWM initiated India's premier quarterly Islamic finance magazine 'Islami Tijara'.IslamiTijara 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 world over. Every issue of IslamiTijara speaks about Islamic Finance in Qur'an, Hadeeth and Fiqh, provides Comprehensive Research Reports on Companies, Industries, brief about the Markets and Economy. Articles from reputed Writers, Columnists, Islamic Scholars and Financial Experts are published. IslamiTijaraalso covers news and interviews on Islamic Finance.

Shariah Index:
PWM has successfully created 14 Shariah indices, that includes 5 Sized based and 9 Sector based indices in the year 2009. These Indices comprise of Shariah compliant stocks only that successfully have passed the Shariah Screening Norms on Industry and Financial Ratio filters. PWM have created a unique methodology to create these indices. All these indices are backtracked to 2006. 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, h4as screened for Shariah compliant stocks on Indian equity market. As on March 2021, 1108 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 58.00 percent of the total BSE market capitalization. Out of these 1108 Shariah compliant stocks, PWM has selected 211 top companies and created a parent index. The market capitalization of these top 211 Shariah compliant Stocks is 55 percent of the total BSE total market capitalization.

Stock Universe for April - June 2021

Compliant Status

No. of
Companies

Percentage of Total  companies

Total Market

Capitalization

Percentage of Total Market Capitalization

Shariah Compliant Stocks

1009

26.98%

11870021.99

58.26%

Ratio Based Shariah Non –Compliant

1802

48.18%

2950498.69

14.48%

Industry Based Non- Compliant

928

24.81%

5553189.62

27.26%

Total Traded Stocks

3740

99.97%

20373710.30

100%


*Rs in Crore

Islamic Investment Finance Board (IIFB):
Pragmatic Wealth Management Pvt. Ltd (PWM) initiated initiated IIFB in 2010 comprises of learned Islamic scholar. 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 MaulanaMohammadWaliRahmani, the General Secretary of All India Muslim Personal Law Board and heads imarate Shariah. IIFB comprises of eminent Muftis and Aalims from across the country, namely, MaulanaMohammadWaliRahmani, MaulanaKhalidSaifullahRahmani, Mufti Shoibullah Khan and others. The primary responsibilities of the IIFB to issue Shariah certificate, andensure that all the Islamic investments doneby PWM are Shariah compliant.

Branches:
Pragmatic Wealth Management (PWM) at present have got 2 branches one more is soon come up in Dehli . Our product & service are also sold in Gulf countries.The branches are located at:

  • Hyderabad
  • Aurangabad