Lucky Investments Lucky Islamic Funds

Pakistan's fastest-growing Islamic AMC: created December 2024 when the Yunus Brothers / Lucky Group acquired Interloop Asset Management, led by CEO Mohammad Shoaib, CFA - the veteran who built Al Meezan - with YB Pakistan holding 70% and the board chaired by Muhammad Ali Tabba. Its April 2025 inaugural fund executed Pakistan's largest-ever mutual fund IPO (PKR 50 billion) and AUM reached roughly PKR 131 billion by December 2025, about 6% of the Islamic segment, on a fully Islamic shelf of 30+ funds (money market ~43% of AUM, plus cash, income, stock, energy and dividend-yield funds, 24 fixed-term plans and two pension funds). PACRA upgraded it AM2 to AM2+ to AM2++ inside a year; Shariah Advisor is Mufti Muhammad Hassaan Kaleem. Everything measurable is under two years old - that is the trade.

Lucky Investments is the most important new entrant in Pakistani Islamic finance this decade: the Lucky Group's balance sheet, Mohammad Shoaib's Al Meezan pedigree, a record-shattering IPO and a ratings trajectory that suggests institutions believe the story. For investors, though, belief and evidence are different things. Everything measurable is less than two years old - no fund here has lived through a bear market, published fee behavior is thin, and the shelf's 24 fixed-term plans roll over too fast to evaluate. Our stance: a legitimate, well-governed option for halal cash and fixed-term parking where its scale already rivals incumbents, and a franchise to watch on equities and pensions once real history accumulates. Reassess after the FY27 FMRs.