Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Lucky Islamic Income Fund, a medium-risk investment vehicle focused on Shariah-compliant securities. The fund, which aims to generate long-term, risk-adjusted returns, has seen a significant increase in its Assets Under Management (AUM), more than doubling from PKR 8,286 million in September 2025 to PKR 19,991 million by March 2026.

According to The Pakistan Credit Rating Agency Limited, the fund's asset allocation includes investments in banks, non-banking financial companies, and modarabas, as well as corporate sukuks and government-guaranteed securities. The fund has also demonstrated a strong credit profile, with a substantial portion of its assets invested in high-grade instruments. The fund's weighted average maturity of 58 days reflects its low sensitivity to interest rate changes, providing flexibility to adjust to market conditions.

The fund's performance has been noteworthy, reporting an annualized one-year return of 10.43% as of March 2026, surpassing its benchmark return of 9.69%. This outperformance highlights the fund's effective management and strategic asset allocation within the Islamic finance framework. Any significant changes in investment policy or compliance could impact future ratings, PACRA noted.