Pragmatic Wealth Management Pvt. Ltd. (PWM) founded by Mr. Imtiaz Merchant in 2008 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 various brands registered as “Islami Tijara”, “Adaaf Advisory Services”, etc.
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 14 years of experience. Mr. Merchant is well-versed with the Islamic Finance Market and the Shariah Compliance norms for investments. He has spent year 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 10 years of experience in stock market. He is also part of the research team of Pragmatic Wealth Management, and he is good at picking stocks for investments based on fundamental studies. He has decent knowledge of Islamic investments.
Abdul Rashid Ansari- Director
Mr. Abdul Rashid is a business man in leather exports, being Director of the Pragmatic Wealth Management P.Ltd., he looks after the accounts and finance affairs of the company. Through his contact he is instrumental in getting business for the company.
Islamic Investment Finance Board (IIFB): Pragmatic Wealth Management P. Ltd (PWM) formed IIFB in 2009. PWM receives approval of Islamic investment products from Islamic Investment Finance Board (IIFB), an independent Shariah Board and it is 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 responsibility of the IIFB is to ensure that all the Islamic investments made are Shariah compliant and to issue Shariah certificate.
Shariah Compliant Stock Universe: PWM since its inception has screened Indian equity market on Shariah norms. As on 31st March 2014, 646 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 55.24 percent of the total BSE market capitalization. Out of these 646 Shariah compliant stocks, PWM has selected 211 top companies for investments and the market capitalization of these top 211 Shariah compliant Stocks is 53.09 percent of the total BSE market capitalization.
Shariah Index: PWM has successfully created 14 Shariah indices, 5 Sized based and 9 Sector based in 2009. These Indices comprise 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 the benchmarks. The indices are the Copyright of PWM. (For more details and live index prices please visit www.pragmaticwealth.net)
Islamic Finance Magazine: In the year 2010, PWM has 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 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 the reputed Writers, Columnists, Islamic Scholars and Financial Experts are published. Islami Tijara covers news and interviews also on Islamic Finance. (website: www.islamitijara.com)
Shariah Portfolio Management Services (PMS): In August 2011, 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 advisor and Bonanza looks after marketing and the operations of the funds. This fund will also be marketed globally. 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. (website: www.shariahpms.com)
Shariah Stock Advisory Services: PWM have developed a paid Shariah Stock Advisory Services in 2012 under its brand name Adaaf Stock Advisory Services and following services are offered namely Top-Picks Report, Daily Newsletters, SMS Calls, Portfolio Restructuring Services and a search engine for Shariah complaint stocks. To facilitate the services PWM have develop a dedicated website called www.adaafadvisory.com.
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 now trading member of Madhya Pradesh Stock Exchange. By virtue of MPSE member our clients can trade in both BSE & NSE. We provide top class research services and online trading facilities to our trading member.
Hyderabad Branch: To cater to the increasing demand of Shariah complaint products and services from South Indian region, PWM went for an expansion programme and established a branch in the heart of Hyderabad city in May 2014. It has top class back office and professional marketing team to target South India clients.