Landmark Signing Ceremony Secures Complimentary Shariah-Compliant Protection for
All Contributors to the Lucky Islamic Pension Fund (LIPF) Karachi, Pakistan, November 17, 2025: Lucky Investments Limited, a full-fledged Islamic Asset Management Company, and 5th Pillar Family Takaful, a leading provider of Shariah- compliant family protection, today announced a landmark partnership following a formal signing ceremony.
The agreement ensures that free-of-cost Takaful coverage will be extended to all participants of the recently launched Lucky Islamic Pension Fund (LIPF). This strategic move significantly enhances the overall value and financial security offered to individuals saving for their post-retirement years through the ethical and professionally managed pension fund.
The signing ceremony, attended by senior management from both institutions, marks a joint commitment to promoting financial inclusion and delivering comprehensive, Shariah-
compliant solutions to the Pakistani market.
Enhancing Financial Security with Faith
The inclusion of complimentary Takaful coverage—the Islamic equivalent of insurance, based on the principle of mutual cooperation and solidarity—reinforces Lucky Investments’ dedication to participant well-being. This layer of protection provides peace of mind to contributors, knowing that their long-term savings plan includes an added safety net for their families at no extra cost.
Speaking at the ceremony, Mohammad Shoaib, CFA, Chief Executive Officer of Lucky
Investments Limited, emphasized the importance of this value-added service.
“We launched the Lucky Islamic Pension Fund to create a pathway for dignity and
independence in retirement,” said Mr. Shoaib. “This partnership with 5th Pillar Family Takaful allows us to go a step further. By providing free-of-cost Takaful coverage, we are not only protecting our participants’ investments but also their families’ future, fully upholding our commitment to connecting capital with conscience and ethical stewardship.”
Nasar us Samad Qureshi, Chief Executive Officer of 5th Pillar Family Takaful Limited
commented on the collaboration: “Collaborating with Lucky Investments Limited reinforces
our mission to expand the reach of ethical, faith-based financial protection across Pakistan. We are proud to secure the future of LIPF participants through this Takaful arrangement, ensuring comprehensive financial security in a manner that is fully Shariah-compliant and aligned with their values.
Background on the Lucky Islamic Pension Fund (LIPF)
The Lucky Islamic Pension Fund was recently introduced to the market as a Shariah-compliant, professionally managed savings solution designed to help individuals build long-term financial security. The Fund offers four investment sub-funds—Equity, Debt, Money Market, and Gold—all managed under the strict supervision of a Shariah Advisor. The LIPF addresses a growing national need for structured retirement savings, particularly for individuals in the private and informal sectors, by offering disciplined savings with attractive tax incentives and faith-based investment integrity.
About Lucky Investments Limited
Lucky Investments Limited, a group company of Yunus Brothers (Lucky) Group, is a full-
fledged Islamic Asset Management Company. Yunus Brothers Group is known for its integrity, innovation and governance throughout Pakistan. Lucky Investments inherits the same principles and competencies from the Group and is led by best-in-class team of investment professionals with decades of relevant experience.
Muhammad Shoaib, CFA, known as pioneer of Islamic asset management in Pakistan, is co-founder and CEO of Lucky Investments Limited. With over three decades of track record, he is renowned for his instrumental role in shaping Pakistan’s capital markets and Islamic finance sector. The renowned Shariah Scholar, Mufti Muhammad Hassaan Kaleem, is the Shariah Advisor of Lucky Investments.
Lucky Investments has already launched four funds in a short span of six months with current AUM size of over Rs. 100 billion.
Lucky Investments’ vision is to be the premier choice for Shariah-compliant investments,
fostering sustainable growth with integrity, innovation, and investor trust.
