Fund rankings · Pakistan
Pakistan’s top-performing Shariah-compliant mutual funds in each category, ranked by 1-year total return with payouts reinvested. Every number comes from MUFAP NAV and payout data.
Past performance does not guarantee future results. Returns are calculated from MUFAP NAVs as published, before sales loads and taxes, and end at each fund’s latest NAV with verified payout coverage. Funds with less than a year of history or unverified payouts are not ranked. Islamic Funds provides information, not investment advice.
Questions, answered
The tables on this page list the top Shariah-compliant mutual funds in Pakistan in each category by 1-year total return with payouts, with 3-year and 5-year annualised returns alongside. Leaders change as markets move, so check the date each table runs to, and compare funds only within the same category.
Funds are ranked within their MUFAP category by 1-year total return: the change in NAV plus every payout reinvested at its ex-distribution NAV, over the twelve months to the fund’s latest NAV with verified payout coverage. 3-year and 5-year returns are shown as annualised (compound) rates. Returns are before sales loads and taxes; management fees are already reflected in NAV.
A fund is left out if it has less than one year of NAV history, if its payout records for the period are not verified, or if its NAV stopped updating more than a month before the rest of its category (usually a matured or closed plan). We do not estimate missing numbers. Every fund still has its own page in the fund directory.
No. A ranking shows what happened in the past, and one year is a short period, especially for equity funds, whose returns swing with the stock market. The right fund depends on your goal, time horizon and risk tolerance. Compare shortlisted funds over several periods and read their offering documents. Islamic Funds provides information, not investment advice.
Different categories take very different risks. An Islamic equity fund can beat a money market fund in a strong year and lose money in a weak one, while a money market fund aims for steadier, lower returns. Ranking within a category compares funds that are trying to do the same job.
NAVs come from MUFAP every business day, and the rankings are recalculated from them every few hours. Each table shows the date its returns run to.
Total return is the overall gain over the whole period. Annualised return is the steady yearly rate that would produce the same gain, which makes 3-year and 5-year results comparable with a 1-year figure. For example, a 33.1% total return over three years is about 10% a year annualised.
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 AWT Islamic Money Market Fund (Formerly: AWT Money Market Fund) AWT Investments Limited | 11.07% | Under 3 yrs old | Under 5 yrs old | |
2 Atlas Islamic Money Market Fund Atlas Asset Management Limited | 10.95% | 14.71% | 14.71% | |
3 Pak Qatar Daily Dividend Plan Pak-Qatar Asset Management Company Limited | 10.86% | 14.50% | Under 5 yrs old | |
4 Pak Qatar Cash Plan Pak-Qatar Asset Management Company Limited | 10.79% | 14.79% | Under 5 yrs old | |
5 Al Ameen Islamic Cash Plan I UBL Fund Managers Limited | 10.77% | 14.60% | 14.72% |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 HBL Islamic Pension Fund HBL Asset Management Limited | 11.32% | 52.07% | 22.10% | |
2 NAFA Islamic Pension Fund NBP Fund Management Limited | 4.59% | 51.31% | 26.21% | |
3 Alhamra Islamic Pension Fund MCB Investment Management Limited | 3.40% | 55.08% | 27.28% | |
4 Pak Qatar Islamic Pension Fund Pak-Qatar Family Takaful Limited | 3.24% | 41.19% | Under 5 yrs old | |
5 NIT Islamic Pension Fund National Investment Trust Limited | 3.20% | 45.44% | 23.61% |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 AWT Islamic Pension Fund AWT Investments Limited | 11.66% | Under 3 yrs old | Under 5 yrs old | |
2 NIT Islamic Pension Fund National Investment Trust Limited | 10.43% | 14.61% | 13.99% | |
3 Atlas Pension Islamic Fund Atlas Asset Management Limited | 10.39% | 14.81% | 14.13% | |
4 Pak Qatar Islamic Pension Fund Pak-Qatar Family Takaful Limited | 10.36% | 15.22% | Under 5 yrs old | |
5 Mahaana IGI Islamic Retirement Fund IGI Life Insurance Limited | 9.86% | Under 3 yrs old | Under 5 yrs old |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 Faysal Islamic Asset Allocation Fund III (Faysal Shariah Flex Plan I) Faysal Asset Management Limited | 10.60% | Under 3 yrs old | Under 5 yrs old | |
2 Faysal Islamic Asset Allocation Fund Faysal Asset Management Limited | 10.43% | 16.46% | 15.41% | |
3 HBL Islamic Asset Allocation Fund HBL Asset Management Limited | 9.98% | 45.37% | 24.80% | |
4 Pak Qatar Asset Allocation Plan II (PQAAP IIA) Pak-Qatar Asset Management Company Limited | 9.81% | 15.39% | Under 5 yrs old | |
5 Alfalah GHP Islamic Value Fund Alfalah Asset Management Limited | 9.60% | 15.47% | 15.27% |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 NBP Islamic Energy Fund NBP Fund Management Limited | 15.34% | 52.28% | 32.49% | |
2 Alhamra Opportunity Fund (Dividend Strategy Plan) MCB Investment Management Limited | 14.44% | Under 3 yrs old | Under 5 yrs old | |
3 Meezan Energy Fund Al Meezan Investment Management Limited | 10.99% | 48.99% | 29.06% | |
4 Al Ameen Islamic Energy Fund UBL Fund Managers Limited | 10.47% | 52.62% | 32.52% | |
5 HBL Islamic Equity Fund HBL Asset Management Limited | 6.63% | 44.72% | 16.58% |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 Alfalah KTrade Islamic Plan VII Alfalah Asset Management Limited | 12.57% | 11.80% | Under 5 yrs old | |
2 Faysal Islamic Financial Planning Fund II (Faysal Priority Ascend Plan I) Faysal Asset Management Limited | 10.25% | Under 3 yrs old | Under 5 yrs old | |
3 Faysal Islamic Financial Planning Fund II (Faysal Priority Ascend Plan III) Faysal Asset Management Limited | 9.68% | Under 3 yrs old | Under 5 yrs old | |
4 Faysal Islamic Financial Planning Fund II (Faysal Priority Ascend Plan II) Faysal Asset Management Limited | 9.63% | Under 3 yrs old | Under 5 yrs old | |
5 ABL Islamic Financial Planning Fund (Conservative Allocation Plan) ABL Asset Management Company Limited | 9.59% | 13.89% | 11.93% |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 AWT Islamic Pension Fund AWT Investments Limited | 11.21% | Under 3 yrs old | Under 5 yrs old | |
2 Meezan GOKP Pension Fund Al Meezan Investment Management Limited | 10.83% | Under 3 yrs old | Under 5 yrs old | |
3 JS Islamic Pension Savings Fund JS Investments Limited | 10.49% | 14.92% | 14.60% | |
4 Al Ameen Voluntary Pension Fund KPK UBL Fund Managers Limited | 10.49% | Under 3 yrs old | Under 5 yrs old | |
5 Pak Qatar Islamic Pension Fund Pak-Qatar Family Takaful Limited | 10.49% | 14.60% | Under 5 yrs old |
| Rank · fund & asset manager | 1Y total return | 3Y annualised | 5Y annualised | View fund |
|---|---|---|---|---|
1 HBL Islamic Income Fund HBL Asset Management Limited | 10.48% | 14.24% | 14.57% | |
2 Lucky Islamic Income Fund Lucky Investments Limited | 10.35% | Under 3 yrs old | Under 5 yrs old | |
3 Faysal Halal Amdani Fund II Faysal Asset Management Limited | 10.24% | Under 3 yrs old | Under 5 yrs old | |
4 AWT Islamic Income Fund AWT Investments Limited | 10.23% | 15.06% | 14.76% | |
5 NBP Riba Free Savings Fund NBP Fund Management Limited | 10.11% | 14.02% | 13.49% |