Lucky Investments Limited has made history by executing the largest-ever mutual fund of Pakistan.
The newly established Asset Management Company has raised Rs. 50 billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records. The landmark achievement marks a milestone in Pakistan’s financial sector, where investors nationwide demonstrated overwhelming confidence in the company’s first Shariah-compliant offering.
The 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. Lucky Investments Founding CEO Mohammad Shoaib expressed profound gratitude for the exceptional investor response during the launch event.
“Alhamdulillah, we are profoundly grateful for the extraordinary trust placed in us by investors across Pakistan,” he said. “Breaking the national record with a Rs. 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 said.
“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,” he vowed.