Karachi: Lucky Investments Limited, a newly established Islamic asset management company, has been awarded an AM2 Asset Manager Rating with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This accomplishment positions the company as a promising player in the Shariah-compliant investment landscape of Pakistan.

Mohammad Shoaib, CFA, CEO of Lucky Investments, noted that the rating underscores the company's robust governance and professional management. "We are grateful to Allah for a rewarding start to our journey," he said, emphasizing the trust stakeholders and investors have placed in the company.

The AM2 rating reflects the company's solid foundational support from its sponsors, bolstered by significant capital investment and a stringent governance framework. The active involvement of sponsors in the Board and key Committees further enhances stakeholder confidence.

PACRA's acknowledgment also extends to the expertise of Lucky Investments' management team, which is recognized for its proven track record. The leadership aims to establish a durable institutional framework to support long-term value creation.

The Positive Outlook assigned to the rating suggests potential growth, driven by ongoing initiatives. The management's focus on professionalism, industry best practices, and innovation is expected to strengthen the company's position in the Islamic finance sector.

A subsidiary of YB Pakistan Limited, Lucky Investments marks the YB Group's entrance into the Islamic capital markets, aligning with Pakistan's transition toward a Shariah-compliant financial system by December 2027.

The YB Group is a major conglomerate in Pakistan, with interests spanning industries such as cement, textiles, automobiles, and more. Lucky Investments recently achieved a milestone by executing Pakistan's largest mutual fund IPO, raising PKR 50 billion.

Led by co-founder and CEO Mohammad Shoaib, CFA, who has over thirty years of experience, Lucky Investments aims to offer authentic Shariah-compliant investment services. The company's mission is to be the leading choice for investors seeking ethical and sustainable financial solutions.