Lucky Investments Earns Top Honor at IFFSA: A New Era for Islamic Finance in South Asia

Karachi: In a remarkable achievement, Lucky Investments Limited has been awarded the title of Emerging Islamic Finance Entity of the Year at the prestigious 10th Islamic Finance Forum of South Asia (IFFSA) Conference and Awards 2025. The accolade, announced at an esteemed gathering in Colombo, Sri Lanka, underscores the rapid ascendancy of Lucky Investments in the Islamic finance sector since the inception of its first fund in April this year. With assets under management surpassing Rs.100 billion (USD 350 million), Lucky has emerged as the most swiftly expanding asset management company in Pakistan within this fiscal year.

The award ceremony saw participation from distinguished policymakers and industry stalwarts representing South Asian nations such as Bangladesh, Sri Lanka, India, Pakistan, and the Maldives. Mohammad Shoaib, CFA, the Chief Executive Officer of Lucky Investments, accepted the award, marking a significant milestone for the company.

The IFFSA Conference served as a platform for prominent figures in Islamic finance to assess a decade of progress and explore future directions for the industry. Mr. Shoaib contributed his insights as a panelist in the Islamic Capital Markets session, highlighting the robust expansion of Pakistan’s Islamic asset management sector. With three decades of leadership in Islamic asset management companies, Mr. Shoaib shared valuable strategies that have driven the penetration of Islamic financial institutions in Pakistan, offering lessons for neighboring South Asian markets.

For the past ten years, the IFFSA has celebrated exceptional contributions to Islamic finance, honoring organizations and individuals committed to promoting Riba-free financial solutions throughout the Subcontinent.

Lucky Investments Limited, a subsidiary of YB Pakistan Limited, signifies the YB Group’s strategic foray into the Islamic capital markets since December 13, 2024. Under the leadership of Mohammad Shoaib, a veteran of Pakistan’s Islamic asset management industry, the company is dedicated to providing ethical and Shariah-compliant investment solutions. Mufti Muhammad Hassaan Kaleem, a respected Shariah scholar, lends his expertise as the company’s Shariah Advisor.

With a vision to become the foremost choice for Shariah-compliant investments, Lucky Investments aims to cultivate sustainable growth through integrity, innovation, and investor confidence.