Pakistani Shariah-compliant firm crosses $350 million in investor funds within six months

An undated image of logo of Lucky Investments taken from its website.
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Updated 22 September 2025
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Pakistani Shariah-compliant firm crosses $350 million in investor funds within six months

  • Lucky Investment Ltd. focuses on investment and portfolio management across energy, real estate, manufacturing sectors
  • Firm remains committed to delivering world-class, Riba-free investment solutions, anchored in trust, says CEO Lucky Investments

KARACHI: Pakistani Shariah-compliant Lucky Investments Limited announced on Monday it has crossed the Rs100 billion [$350 million] mark in Assets Under Management (AUM) within only six months of launching its fund, making it the first assets management company firm to achieve the feat. 

Lucky Investments, a subsidiary of Pakistan’s Lucky Group, focuses on investment and portfolio management across sectors like energy, real estate and manufacturing. Originally known as Interloop Asset Management Limited, the company was acquired by Yunus Brothers Group in December 2024 and rebranded as Lucky Investments Limited.

AUM is the total market value of all the assets that a financial institution, such as a mutual fund or investment adviser, manages on behalf of its clients. In its statement, Lucky Investments said the company has received overwhelming response since its inception from both institutional and retail investors across the country.

“With their trust, we’ve reached PKR 100 Billion AUMs — a milestone that aligns with our vision of becoming the premier choice for Shariah-compliant investments,” Lucky Investments CEO Mohammad Shoaib said in a statement.

In April, the firm said it had successfully raised Rs50 billion ($170 million) during the Initial Public Offering (IPO) of its debut fund, the Lucky Islamic Money Market Fund, the largest ever mutual fund launch in Pakistan. 

“We remain committed to delivering world-class, Riba-free investment solutions, anchored in service excellence, transparency and trust,” Lucky Investments said in its press release. 

Lucky Investments said it was also planning to launch a Voluntary Pension Schemes to boost retail investor participation in retirement savings and is also coordinating with the government for a separate fund for its employees.

Lucky Investments’ achievement reflects the growing traction that Shariah-compliant investments are gaining in Pakistan, as investors seek ethical and faith-based financial solutions. 

Supported by a growing Islamic finance sector and regulatory backing from Pakistan’s Securities and Exchange Commission and the State Bank, the market continues to expand through mutual funds, sukuk and Islamic banking products.


Pakistan urges revival of long-paralyzed SAARC as bloc marks 40th charter anniversary

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Pakistan urges revival of long-paralyzed SAARC as bloc marks 40th charter anniversary

  • PM Sharif says political rifts have stalled regional collaboration, calls for economic and digital connectivity
  • He mentions regional challenges requiring collective responses based on mutual trust, spirit of cooperation

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday called for reviving the long-paralyzed South Asian Association for Regional Cooperation (SAARC), saying deeper economic collaboration and collective responses to shared challenges were essential as the bloc marked the 40th anniversary of its founding charter.

SAARC has been effectively dysfunctional since 2016, when its planned Islamabad summit collapsed after India withdrew following a militant attack it blamed on Pakistan. Islamabad denied involvement, but New Delhi’s decision prompted Afghanistan, Bangladesh and Bhutan to pull out, leading to the indefinite postponement of the summit.

Beyond the immediate rupture, SAARC was widely believed to have already become stagnant because of structural issues, including the India-Pakistan rivalry and New Delhi’s pivot toward alternative regional groupings.
Sharif extended his greetings to the peoples and the governments of “all SAARC member states” in a statement circulated by his office.

“When SAARC was established, over four decades ago, it was meant to provide an essential platform, to promote dialogue, foster cooperation and strengthen the bonds that bring our nations together,” he said.

“While these goals have, regrettably, remained elusive due to political considerations within the region, I commend the SAARC Secretariat for striving hard to provide its dedicated assistance as well as for its efforts to advance the organization’s goals and create opportunities for meaningful collaboration among the member states,” he added.

The prime minister noted his administration remained committed to the principles and objectives of the SAARC Charter.

“We believe that genuine cooperation, guided by sovereign equality, mutual respect and constructive engagement, can unlock South Asia’s vast potential and ensure a better tomorrow for all,” he said.

Sharif maintained the region needed stronger economic, digital and people-to-people connectivity to expand trade, investment, innovation and cultural exchange, adding that South Asian states faced shared pressures from poverty, climate-induced natural disasters, food and energy insecurity and public-health vulnerabilities.

These, he continued, required “collective responses based on mutual trust, goodwill and a spirit of cooperation.”

His statement did not directly mention India, though last week, his deputy, Ishaq Dar, urged a “reimagining” of South Asia’s fractured regional architecture, saying an 11-year freeze in dialogue with New Delhi had eroded prospects for long-term stability in one of the world’s most volatile regions.

Dar criticized the paralysis of SAARC, saying “artificial obstacles” needed to be removed for it to resume its role as a platform for economic cooperation, and argued the region would only achieve its political and economic potential if countries committed to cooperation and a future “where connectivity replaces divisions.”