Perwez Ahmad's Contact Details

Perwez Ahmad's Company Details

Pragmatic Wealth Management Pvt. Ltd

Mumbai, Maharashtra, India • 51 - 200 Employees
Financial Services

Pragmatic Wealth Management P.Ltd takes pleasure to introduce our self as a stock broker. Our focus is on Shariah based stock broking. Investment in equity market is an islamically a permissible activity since it is based on Musharakah (Partnership) i.e profit is earned with the risk of loss. Investment in equity markets (The Islamic way) is probably the best option available to Muslims. Investment in equity market is regulated by SEBI and, with some stipulated conditions it is also approved by the Shariah Board. Returns on the investment as a parameter considered than equity investment in the long run has given the highest returns compared to all the other asset class. There is absolutely no capital gains tax for long term investors' i.e if the investment in stock is held for more than a year, for the short term investments of less than a year the tax rate is just 15 % on the gains.