Business Desk 
Oct 28, 2025
In what appears to be a massive evolution in the country's traditional pension-related operations, Pakistan's first digital Islamic pension fund has been introduced by Mahaana Wealth, a Y Combinator–backed fintech, and IGI Life Insurance Limited.
Titled "Mahaana IGI Islamic Retirement Fund", Pakistan’s first fully digital, Shari’ah-compliant voluntary pension scheme promotes retirement savings and financial security through a regulated, tech-driven platform.
The fund also enables individuals, including freelancers and informal workers, to plan for retirement while enjoying tax benefits and professional fund management.
Under this initiative, Mahaana will act as the investment advisor and technology partner, ensuring real-time digital access and transparency, while IGI Life will oversee fund administration and Takaful services.
Meanwhile, custodial arrangements will be managed by the Central Depository Company (CDC).
At the launch event held at IGI’s Lahore office, attendees included key figures such as Packages Group CEO Syed Hyder Ali, Mahaana Wealth CEO Shamoon Tariq, IGI Life CEOAli Nadeem, Mattias Martinsson (Tundra Fonder, Sweden), SECP Chairman Akif Saeed, Special Secretary IT Ministry Syed Ammar Naqvi, and Sweden’s Ambassador to Pakistan, H.E. Alexandra Berg Von Linde.
The fund is inspired by Sweden’s pension model, aiming to ensure dignified post-retirement living in Pakistan.
Government officials commended the initiative for improving financial inclusion and expanding digital savings opportunities, the key step towards sustainable, inclusive economic growth and a stronger retirement culture in Pakistan.
