Lucky Investments Limited and DIB Pakistan, a subsidiary of Dubai Islamic Bank UAE, have signed a Memorandum of Understanding to distribute Lucky Investments’ Islamic mutual funds and pension funds through DIB Pakistan’s nationwide branch network, bringing together one of Pakistan’s fastest-growing Islamic asset management companies and one of its leading Islamic banking franchises in a collaboration designed to broaden access to Shariah-compliant investment products for Pakistani investors. The partnership enables DIB Pakistan’s customer base to access professionally managed Islamic investment solutions directly through the bank’s existing touchpoints, removing the need for customers to engage with a separate investment platform or institution to participate in Shariah-compliant wealth creation and retirement planning.
The scale of DIB Pakistan’s distribution infrastructure gives the partnership immediate and substantial reach. The bank serves more than 556,596 customers through a network of over 300 branches spread across 100 cities nationwide, providing Lucky Investments with access to a geographically distributed customer base that extends well beyond the major urban centres where Islamic asset management products have historically been most accessible. For investors in smaller cities and towns who want to participate in Shariah-compliant mutual funds and pension products but have not previously had convenient access to them through their banking relationship, the collaboration creates a practical pathway to professional investment management that did not previously exist through this channel.
Mohammad Shoaib, Chief Executive Officer of Lucky Investments and a Chartered Financial Analyst, described the collaboration as an important milestone in the company’s mission to make high-quality Shariah-compliant investment solutions accessible to a wider segment of Pakistani investors. His framing of the partnership around financial inclusion, long-term savings encouragement, and the growth of Pakistan’s Islamic finance industry reflects the dual commercial and social rationale that characterises the most credible partnerships in the Islamic finance space, where the commitment to ethical, Shariah-compliant principles creates an alignment between commercial success and the broader goal of extending access to responsible financial products. Muhammad Ali Gulfaraz, Chief Executive Officer of DIB Pakistan, characterised the collaboration as a direct expression of the bank’s commitment to expanding access to ethical financial solutions, noting that the partnership brings professionally managed Islamic investment and retirement solutions directly to customers through the branch network in a way that creates meaningful pathways to long-term financial security.
The partnership reflects a broader convergence between Islamic banking and Islamic asset management in Pakistan that has been developing as both sectors have matured and as customer demand for integrated, Shariah-compliant financial services has grown. Historically, Islamic banking and Islamic asset management have operated through largely separate channels in Pakistan, with customers needing to maintain relationships with different institutions to access the full range of Shariah-compliant financial services available to them. The model being established through the Lucky Investments and DIB Pakistan collaboration, in which a leading Islamic bank distributes third-party asset management products through its existing customer relationships, represents a more integrated approach to Islamic financial services delivery that aligns with how conventional banking and asset management have long operated in Pakistan and other markets. For both institutions, the partnership advances their shared vision of promoting ethical, transparent, and Shariah-compliant financial solutions for individuals and families across Pakistan while creating a commercial arrangement that leverages each partner’s distinct strengths in investment management expertise and banking distribution infrastructure.
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