KARACHI: Lucky Investments Limited, an Islamic asset management company, and 5th Pillar Family Takaful on Tuesday announced a partnership to provide free takaful coverage to all participants of the Lucky Islamic Pension Fund (LIPF).
The coverage will apply to contributors to the recently launched fund, which is positioned as a Sharia-compliant savings vehicle for retirement.
The Lucky Islamic Pension Fund offers four sub-funds — equity, debt, money market and gold — overseen by a Sharia adviser. It is designed as a long-term savings product for retirement, targeting individuals seeking structured savings with tax incentives and Sharia-compliant investment management.