Lucky Islamic Money Market Fund raises PKR 50 billion in IPO

Lucky Investments Limited, the newly established asset management company, has raised an unprecedented PKR 50 billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund

Lucky Islamic Money Market Fund represents the first fund in a planned series of Shariah-compliant mutual funds to be introduced by the company.

Mohammad Shoaib, founding CEO of Lucky Investments, said, "Breaking the national record with a PKR 50 billion subscription in a single day is not just a milestone for Lucky Investments, but a testament to the growing strength of Islamic finance in our market.

As we prepare to launch additional funds in the coming months, we remain steadfastly committed to maintaining this momentum while delivering unparalleled customer experience and strict Shariah compliance."