The Pakistani asset manager said the fund will operate with a medium-risk profile and a two-year duration, allocating assets between Shariah-compliant equities and fixed-income instruments.
Karachi-based Lucky Investments Limited has launched the Lucky Islamic Capital Protected Fund Plan I (LICPFP I) in Pakistan, a Shariah-compliant investment plan designed to provide capital protection while offering investors exposure to potential market gains. LICPFP I has a two-year duration and a medium-risk profile The fund uses a dynamic asset allocation strategy that invests in a combination of Shariah-compliant listed equities and Shariah-compliant money market and fixed-income instrum