Lucky Investments Limited has introduced the Lucky Islamic Dividend Yield Fund (LIDYF), an open-end investment vehicle designed to comply with Shariah principles.
The launch marks a strategic expansion for the Pakistani asset manager, which is targeting investors seeking income generation through ethically screened equity portfolios.
The fund focuses on dividend-yielding stocks that meet Islamic finance criteria, excluding companies involved in prohibited activities such as interest-based banking, alcohol, or gambling.
By structuring the product as an open-end fund, Lucky Investments aims to provide liquidity and accessibility to a growing segment of retail and institutional investors in Pakistan who prioritize religious compliance alongside financial returns.
This development aligns with a broader regional trend of financial institutions expanding their Islamic finance offerings.
Recent moves by peers, including Standard Bank’s introduction of Shariah-compliant floorplan products and Maybank Islamic’s new credit card features, highlight the increasing demand for transparent and principle-based financial instruments across emerging markets.