KARACHI: Lucky Investments Ltd on Wednesday raised an unprecedented Rs50 billion during the initial public offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records.

According to a press release, this landmark achievement marks an extraordinary milestone in Pakistan’s financial sector, where investors nationwide demonstrated overwhelming confidence in the company’s first Shariah-compliant offering.

The record-breaking subscription underscores robust demand for Islamic financial products and firmly positions Lucky Investments’ place as a promising new player in the asset management industry, said the company.

Lucky Islamic Money Market Fund represents the first fund 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.

Published in Dawn, April 10th, 2025