Karachi: Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of \u201cAM2\u201d with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone marks a strong start for the newly established Islamic asset management company, which aims to become the preferred choice for Shariah-compliant investment solutions in Pakistan\u2014driven by a vision of sustainable growth, integrity, and innovation. Commenting on this achievement, Mr. Mohammad Shoaib, CFA, CEO of Lucky Investments, stated, \u201cWe are grateful to Allah (SWT) for a rewarding start to our journey. This rating is a testament to our strong sponsor support, robust governance, and professional management. We remain committed to continuously raising our standards and deeply appreciate the trust and confidence our stakeholders and investors have placed in us.\u201d The AM2 rating reflects the solid foundation laid by the Company\u2019s sponsors, underpinned by a substantial capital injection and a sound governance framework. The direct involvement of sponsors on the Board and key Committees reinforces stakeholder confidence and supports strategic oversight. PACRA\u2019s rating also acknowledges the depth and expertise of Lucky Investments\u2019 management team, which is widely recognized in the market for its proven track record. News Desk
\nThe Company\u2019s leadership is focused on building a resilient institutional framework that will underpin long-term performance and value creation.
\nThe Positive Outlook assigned to the rating highlights the forward-looking initiatives already underway, with further upside potential as these efforts bear fruit. The management\u2019s approach reflects a strong commitment to professionalism, adherence to industry best practices, and a drive for innovation within the Islamic finance space.
\nLucky Investments Limited is a subsidiary of YB Pakistan Limited, signifying the YB Group\u2019s strategic entry into the Islamic capital markets. As a full-fledged Islamic Asset Management Company, Lucky Investments marks the Group\u2019s first foray into the financial services sector.
\nThis development comes at a pivotal time, as Pakistan transitions toward a Shariah-compliant financial system in accordance with the Federal Shariah Court\u2019s directive to eliminate interest-based finance by December 2027.
\nThe YB Group is one of Pakistan\u2019s most diversified and respected business conglomerates, with a strong presence across key industries including cement, textiles, automobiles, chemicals, pharmaceuticals, healthcare, education, power generation, real estate, commodities trading, and smartphones.
\nCapitalizing on the rising demand for Islamic investment solutions, Lucky Investments made history by executing Pakistan\u2019s largest-ever mutual fund IPO\u2014raising PKR 50 billion and breaking all previous subscription records.
\nThe Company is led by co-founder and CEO, Mohammad Shoaib, CFA\u2014a veteran of Pakistan\u2019s Islamic asset management industry with over three decades of experience. He is widely regarded for his pioneering role in developing Pakistan\u2019s capital markets and advancing Islamic finance.
\nBuilt on strong Islamic principles, Lucky Investments is committed to offering authentic Shariah-compliant investment and advisory services. Its mission is to be the premier choice for investors seeking ethical, innovative, and sustainable financial solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of \u201cAM2\u201d with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone marks a strong start for the newly established Islamic asset management company, which aims to become the preferred choice for Shariah-compliant investment solutions in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-475309","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n