Lucky Investments Awarded ‘AM2’ Rating with Positive Outlook

Lucky Investments Limited has received an initial Asset Manager Rating of “AM2” coupled with a Positive Outlook from The Pakistan Credit Rating Agency Limited (PACRA).

This achievement signifies a promising commencement for the newly formed Islamic asset management company. The organization is striving to establish itself as the premier provider of Shariah-compliant investment options in Pakistan, guided by principles of sustainable expansion, ethical conduct, and pioneering solutions.

Mohammad Shoaib, CFA, the CEO of Lucky Investments, remarked on this accomplishment, stating that the rating demonstrates their robust sponsor support, sound governance practices, and skilled management team. He added, “We are dedicated to continually improving our standards and deeply value the confidence that our stakeholders and investors have entrusted in us.”

The company stated that the AM2 rating showcases the robust groundwork established by the Company’s backers, supported by a substantial infusion of capital and a reliable governance structure. The hands-on involvement of sponsors within the Board and essential Committees strengthens stakeholder assurance and promotes strategic oversight.

PACRA’s assessment also recognizes the extensive knowledge and proficiency of Lucky Investments’ managerial personnel, widely acclaimed within the industry for their demonstrated achievements. The Company’s leadership is committed to developing a durable institutional framework that will bolster sustained performance and the creation of value.

The Positive Outlook linked to the rating underscores the proactive initiatives presently in progress, with prospects for additional growth as these endeavors come to fruition.

The management’s strategy signifies a strong dedication to professionalism, conformity to optimal industry standards, and a pursuit of innovation within the realm of Islamic finance.