Karachi: Mohammad Ali Tabba, the prominent business leader of Lucky Group (YBG) group inaugurated Head Office of Lucky Investments Limited (Formerly Interloop Asset Management Limited) at Finance & Trade Centre on Friday.
Present at the occasion were directors and senior management of the company including Chairman Mohammad Ali Tabba, Director Jawed Tabba and CEO, Mohammad Shoaib, CFA.
Speaking at the occasion, Mr. Muhammad Ali Tabba, the chairman of the company said: “The launch of Lucky Investments marks a significant milestone in our journey. Financial Services is a new vertical that Lucky Group is adding to its lines of businesses. As we embark on this new chapter, we remain dedicated to providing Shariah-compliant investment solutions that meet the evolving needs of institutional and retail clients.
Mr. Mohammad Shoaib, CFA, also speaking at the occasion said: “The launch of Lucky Investments is a testament to Lucky Group’s values of innovation and excellence. As a first Islamic asset management company being launched by a business conglomerate in Pakistan, Lucky Investments is committed to providing comprehensive wealth management solutions to its customers. This will help to increase the rate of savings in Pakistan which is currently very low at 13% of GDP.
About Lucky Investments Limited
Lucky Investments Limited is a subsidiary of YB Pakistan Limited, marking the beginning of a full-fledged Islamic Asset Management Company by a renowned business conglomerate in Pakistan. The move signals YB Group’s strategic entry into the Islamic capital markets which have huge potential for growth given Federal Sharia Court directive to eliminate interest based financial system by December 2027.
Muhammad Shoaib, CFA, a veteran of Pakistan’s Islamic asset management industry, is co-founder and CEO of Lucky Investments Limited. With over three decades of experience, Shoaib is renowned for his instrumental role in shaping Pakistan’s capital markets and Islamic finance sector.
Lucky Investments has rich Islamic core values that are based on providing Shariah compliant Investments and advisory services. Its vision is to be the premier choice for Shariah-compliant investments, fostering sustainable growth with integrity and innovation.