Lucky Investments Limited, a subsidiary of the Yunus Brothers Group, today introduced a new Shariah-compliant retirement savings solution, the Lucky Islamic Pension Fund (LIPF), marking a significant development in Pakistan’s broader transition towards an Islamic financial system by 2028.
The fund’s introduction reinforces the asset management company’s focus on expanding access to values-driven investment products and aligns with the government”s national roadmap for a fully Shariah-compliant financial ecosystem.
The LIPF is structured to provide individuals a disciplined method for accumulating retirement wealth in adherence with Islamic principles. The fund”s strategy involves allocating capital across a diversified portfolio of halal equities, Sukuk, Islamic money market instruments, and other approved investment channels to balance long-term growth with capital preservation.
Mohammad Shoaib, CFA, Chief Executive Officer of Lucky Investments, described the initiative as more than a financial instrument. ‘With the Lucky Islamic Pension Fund, we are enabling individuals to plan for retirement with dignity and peace of mind,’ he stated at the launch event. ‘This is not merely a financial product – it is a commitment to ensuring that one’s life savings grow responsibly, transparently, and in alignment with one’s values.’
He emphasized that the fund reflects the company’s vision of connecting capital with conscience, adding, “We believe wealth should be built ethically and intentionally. LIPF is designed to serve people at every life stage – young professionals, entrepreneurs, and salaried individuals – who wish to take charge of their future.’
Participants in the new pension fund can tailor their investment strategy by selecting from four distinct sub-funds: Equity, Debt, Money Market, and Gold. This allows savers to create a portfolio mix that matches their individual risk tolerance and retirement objectives.
All investment activities will be managed by qualified professionals under the supervision of the Fund’s Shariah Advisor, Mufti Muhammad Hassaan Kaleem, to ensure strict adherence to Islamic financial tenets.
Lucky Investments Limited, led by industry pioneer Muhammad Shoaib, operates as a full-fledged Islamic asset management company within the Yunus Brothers (Lucky) Group and currently manages assets exceeding Rs. 100 billion.