Fund rankings · Pakistan
Every Islamic asset allocation fund with a full year of verified returns, ranked by 1-year total return with payouts reinvested. 3-year and 5-year figures are annualised.
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. Islamic Funds provides information, not investment advice.
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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 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% | |
6 Pak Qatar Asset Allocation Plan I (PQAAP IA) Pak-Qatar Asset Management Company Limited | 8.10% | 14.56% | Under 5 yrs old | |
7 Al Ameen Islamic Asset Allocation Fund UBL Fund Managers Limited | 6.50% | 27.87% | 18.48% | |
8 Meezan Dynamic Asset Allocation Fund (Meezan Dividend Yield Plan) Al Meezan Investment Management Limited | 5.76% | Under 3 yrs old | Under 5 yrs old | |
9 NBP Islamic Sarmaya Izafa Fund NBP Fund Management Limited | 5.29% | 41.92% | 23.61% | |
10 ABL Islamic Asset Allocation Fund ABL Asset Management Company Limited | 4.48% | 8.90% | 10.60% | |
11 Lakson Islamic Tactical Fund Lakson Investments Limited | 2.46% | 20.94% | 12.84% | |
12 Alhamra Islamic Asset Allocation Fund MCB Investment Management Limited | 1.34% | 48.91% | 24.74% | |
13 Pak-Qatar Asset Allocation Plan III (PQAAP IIIA) Pak-Qatar Asset Management Company Limited | 0.24% | Under 3 yrs old | Under 5 yrs old | |
14 Meezan Asset Allocation Fund Al Meezan Investment Management Limited | -0.63% | 40.49% | 19.85% | |
15 Pak Oman Islamic Asset Allocation Fund Pak Oman Asset Management Company Limited | -3.11% | 23.64% | 11.51% | |
16 Faysal Islamic Asset Allocation Fund II Faysal Asset Management Limited | -3.65% | Under 3 yrs old | Under 5 yrs old |