Lucky Investments Limited has made financial history by executing the largest mutual fund launch ever witnessed in Pakistan.
The newly established Asset Management Company raised an unprecedented Rs. 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, with investors nationwide demonstrating overwhelming confidence in the company’s first Shariah-compliant offering.
The record-breaking subscription underscores the robust demand for Islamic financial products and positions Lucky Investments as a formidable new player in Pakistan’s asset management industry.
Lucky Islamic Money Market Fund represents the first 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 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.
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.”
Lucky Investments Limited inaugurates Head Office at the Finance & Trade Centre
