KARACHI: A Pakistan-based asset management company on Thursday announced the launch of a Shariah-compliant energy equity fund, seeking to tap growing investor interest in the country’s energy sector as the administration in Islamabad pursues gradual reforms to boost supply, efficiency and sustainability.
Lucky Investments Limited’s initiative comes as Pakistan’s energy sector shows signs of renewed activity, driven by rising demand, policy initiatives and an increasing shift toward renewable sources, even as the country continues to grapple with high costs and supply constraints.
Islamic finance has also expanded steadily in Pakistan, creating demand for sector-focused investment products that comply with religious principles.
The Lucky Islamic Energy Fund (LIEF) will invest primarily in Shariah-compliant, listed energy companies across oil and gas exploration and production, refining, power generation and renewable energy, the company said, with the aim of long-term capital growth.
“The energy sector remains central to Pakistan’s economic revival and long-term sustainability,” Mohammad Shoaib, chief executive officer of Lucky Investments Limited, said, adding the fund would give investors a Shariah-compliant way to participate in the sector while aligning investments with faith-based values.
The open-end fund is benchmarked against the KMI-30 Index, which tracks the 30 largest Shariah-compliant companies listed on the Pakistan Stock Exchange, and is classified as high-risk, making it suitable for investors with a long-term investment horizon.
The fund carries no minimum holding period or redemption penalty.
Lucky Investments said all investments would be overseen by a religious scholar serving as the firm’s Shariah adviser to ensure ongoing compliance with Islamic principles.
The asset manager said it currently manages more than Rs 130 billion ($460 million) in assets under management, positioning it among the fastest-growing asset management companies in the country in 2025.
