Lucky Investments awarded AM2 Asset Manager rating by PACRA

April 28, 2025 (MLN): Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of “AM2” 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, driven by a vision of sustainable growth, integrity, and innovation.

Commenting on this achievement, Mr. Mohammad Shoaib, CFA, CEO of Lucky Investments, stated, "We 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."

The AM2 rating reflects the solid foundation laid by the Company’s 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's rating also acknowledges the depth and expertise of Lucky Investments’ management team, which is widely recognized in the market for its proven track record.

The Company’s leadership is focused on building a resilient institutional framework that will underpin long-term performance and value creation.

The Positive Outlook assigned to the rating highlights the forward-looking initiatives already underway, with further upside potential as these efforts bear fruit.

The management’s approach reflects a strong commitment to professionalism, adherence to industry best practices, and a drive for innovation within the Islamic finance space.

Lucky Investments Limited is a subsidiary of YB Pakistan Limited, signifying the YB Group’s strategic entry into the Islamic capital markets.

As a full-fledged Islamic Asset Management Company, Lucky Investments marks the Group’s first foray into the financial services sector.

This development comes at a pivotal time, as Pakistan transitions toward a Shariah-compliant financial system in accordance with the Federal Shariah Court’s directive to eliminate interest-based finance by December 2027.

The YB Group is one of Pakistan’s 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.

Capitalising on the rising demand for Islamic investment solutions, Lucky Investments made history by executing Pakistan’s largest-ever mutual fund IPO—raising PKR 50 billion and breaking all previous subscription records.

The Company is led by co-founder and CEO, Mohammad Shoaib, CFA—a veteran of Pakistan’s Islamic asset management industry with over three decades of experience. He is widely regarded for his pioneering role in developing Pakistan’s capital markets and advancing Islamic finance.

Built 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.

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