Lucky Investments launches Shariah-compliant energy fund

Lucky Investments Ltd. has launched a Shariah-compliant, sector-focused equity fund aimed at giving investors exposure to Pakistan’s energy sector, as the industry undergoes gradual reform and expansion.

In a statement issued Wednesday, the company said the Lucky Islamic Energy Fund, or LIEF, will invest primarily in Shariah-compliant listed energy companies, including those involved in exploration and production, refining, power generation and renewable energy. The fund’s objective is long-term capital growth through what the company described as ethical and disciplined investing.

The launch comes as Pakistan’s energy sector sees rising demand, policy initiatives, efficiency improvements and a growing shift toward renewable and sustainable energy sources, according to the statement.

Lucky Investments said the new fund expands its Islamic investment offerings and contributes to the development of Pakistan’s Islamic capital markets. The company said it currently manages assets under management of more than PKR 130 billion, making it the fastest-growing asset management company in Pakistan in 2025.

Mohammad Shoaib, chief executive officer of Lucky Investments Ltd., said the energy sector remains central to Pakistan’s economic revival and long-term sustainability. He said the Lucky Islamic Energy Fund offers investors a focused, Shariah-compliant way to participate in the sector while aligning investments with faith-based values.

The open-end fund is benchmarked against the KMI-30 Index and is classified as a high-risk sector equity fund, suitable for investors with a long-term investment horizon. It has no minimum holding period or redemption penalty, the company said.

All investments will be made under the supervision of Mufti Muhammad Hassaan Kaleem, the Shariah adviser to Lucky Investments, to ensure ongoing compliance with Islamic principles within the firm’s governance and risk management framework.

The company said the launch of LIEF reflects its commitment to channeling capital toward priority sectors of the economy through Shariah-aligned investment solutions.