Landmark Signing Ceremony Secures Complimentary Shariah-Compliant Protection for All Contributors to the Lucky Islamic Pension Fund (LIPF)
Karachi, November 18: 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.
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.”
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.
