SLAMABAD, April 10: Lucky Investments Limited has made history by executing Pakistan’s largest-ever mutual fund launch, successfully raising a record-breaking Rs 50 billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund.
This unprecedented achievement marks a significant milestone in the country’s financial sector and demonstrates the growing investor confidence in Sharia-compliant financial solutions.
The overwhelming response to the IPO reflects a strong demand for Islamic financial products and firmly establishes Lucky Investments as a rising player in Pakistan’s asset management industry.
The Lucky Islamic Money Market Fund is the first in a planned series of Sharia-compliant funds that Lucky Investments intends to introduce, aimed at meeting the increasing appetite for ethical and faith-based investment options in the country.
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Speaking at the fund’s landmark launch event, Mohammad Shoaib, the Founding CEO of Lucky Investments, extended his heartfelt appreciation to the investors for their trust and support.
“Alhamdulillah, we are profoundly grateful for the extraordinary trust placed in us by investors across Pakistan,” Shoaib said. “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.”
He further shared that the company is already preparing to launch additional funds in the coming months. Lucky Investments remains committed to delivering an exceptional customer experience while maintaining strict adherence to Shariah principles in all its offerings.
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This record-breaking IPO marks a new chapter for Pakistan’s financial landscape, highlighting both the potential of Islamic finance and the confidence investors have in homegrown asset management firms.
