KARACHI: Lucky Investments Limited, one of the fastest growing Islamic asset management companies in Pakistan, and DIB Pakistan, a subsidiary of Dubai Islamic Bank UAE, on June 15, have signed a strategic partnership to expand access to Shariah-compliant investment options across the country.
Under the signed memorandum of understanding (MoU), DIB Pakistan will offer Lucky Investment Islamic mutual funds and pension funds through its nationwide branch network.
This will make it easier for customers to invest in professionally managed Shariah-compliant products through one of Pakistan leading Islamic banking institutions.
The initiative is expected to improve access to investment services across DIB Pakistan customer base. It also supports the shared goal of encouraging Islamic savings, long term wealth building, and retirement planning in Pakistan.
The partnership combines Lucky Investment, expertise in fund management with DIB Pakistan strong banking presence. The bank currently serves more than 556,596 customers through over 300 branches in around 100 cities across the country.
Mohammad Shoaib, CFA, Chief Executive Officer of Lucky Investments Limited, speaking about the agreement that they are pleased to work with DIB Pakistan, a well-known name in ethical banking worldwide.
He added that this partnership is an important step toward making Shariah-compliant investment products available to more people in Pakistan. He also said the goal is to support financial inclusion, promote long term savings, and help grow the Islamic finance sector in the country.
Muhammad Ali Gulfaraz, Chief Executive Officer of DIB Pakistan, said the bank is focused on providing ethical financial solutions to its customers. “At DIB Pakistan, our collaboration with Lucky Investments strengthens that commitment bringing professionally managed Islamic investment and retirement solutions directly to our customers through our branch network”. He further said the partnership aims to create better opportunities for long term financial security.
This collaboration reflects the growing link between Islamic banking and Islamic asset management in Pakistan. It also supports the shared vision of both institutions to promote transparent, ethical, and Shariah-compliant financial services for individuals and families across the country.
