April 9, 2025, Karachi, Pakistan — Lucky Investments Limited has made history by executing the largest ever mutual fund launch witnessed in Pakistan. The newly established Asset Management Company has raised an unprecedented PKR 50 Billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records.
This landmark achievement marks an extraordinary milestone in Pakistan’s financial sector, where investors nationwide demonstrated overwhelming confidence in the company’s first Shariah-compliant offering. The record-breaking subscription underscores robust demand for Islamic financial products and firmly positions Lucky Investments’ place as a promising new player in Pakistan’s Asset Management Industry.
Lucky Islamic Money Market Fund represents the first fund in a planned series of Shariah-compliant mutual funds to be introduced by the company. At the historic launch event, Mr. Mohammad Shoaib, Founding CEO of Lucky Investments, expressed profound gratitude for the exceptional investor response.
“Alhamdulillah, we are profoundly grateful for the extraordinary trust placed in us by investors across Pakistan,” stated Mr. Shoaib. “Breaking the national record with a PKR 50 Billion subscription in a single day is not just a milestone for Lucky Investments, but a testament to the growing strength of Islamic finance in our market. As we prepare to launch additional funds in the coming months, we remain steadfastly committed to maintaining this momentum while delivering unparalleled customer experience and strict Shariah compliance.”
About Lucky Investments Limited
Lucky Investments Limited is a subsidiary of YB Pakistan Limited. This initiative marks the beginning of a full-fledged Islamic Asset Management Company by a renowned business conglomerate in Pakistan & signals YB (Lucky) Group’s strategic entry into the Islamic capital markets which has a huge potential for growth given Federal Shariah Court directive to eliminate interest based financial system by December 2027.
Muhammad Shoaib, CFA, a veteran of Pakistan’s Islamic asset management industry, is co-founder and CEO of Lucky Investments Limited. With over three decades of experience, Mr. Shoaib is renowned for his instrumental role in shaping Pakistan’s capital markets and Islamic finance sector.
Lucky Investments has rich Islamic core values that are based on providing Shariah compliant Investments and advisory services. Its vision is to be the premier choice for Shariah-compliant investments, fostering sustainable growth with integrity and innovation.
