Fund rankings · Pakistan
Every Islamic income 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 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% | |
6 Meezan Daily Income Fund (Meezan Munafa Plan I) Al Meezan Investment Management Limited | 10.10% | 13.98% | Under 5 yrs old | |
7 NIT Islamic Income Fund National Investment Trust Limited | 10.08% | 14.30% | 14.26% | |
8 Pak Qatar Income Plan Pak-Qatar Asset Management Company Limited | 9.99% | 15.37% | Under 5 yrs old | |
9 Atlas Islamic Income Fund Atlas Asset Management Limited | 9.97% | 14.40% | 14.18% | |
10 Meezan Daily Income Fund (Meezan Mahana Munafa Plan) Al Meezan Investment Management Limited | 9.96% | 12.80% | Under 5 yrs old | |
11 786 Smart Fund 786 Investments Limited | 9.93% | 14.76% | 14.80% | |
12 Al Ameen Islamic Income Fund UBL Fund Managers Limited | 9.78% | 14.36% | Under 5 yrs old | |
13 NBP Islamic Mahana Amdani Fund NBP Fund Management Limited | 9.69% | 13.87% | 13.72% | |
14 NBP Islamic Savings Fund NBP Fund Management Limited | 9.53% | 13.81% | 13.38% | |
15 Meezan Daily Income Fund (Meezan Super Saver Plan) (MSSP) Al Meezan Investment Management Limited | 9.51% | Under 3 yrs old | Under 5 yrs old | |
16 Alhamra Daily Dividend Fund MCB Investment Management Limited | 9.51% | 13.74% | 13.87% | |
17 Meezan Daily Income Fund (MDIP I) Al Meezan Investment Management Limited | 9.49% | 13.85% | 14.29% | |
18 Meezan Daily Income Fund (Meezan Sehl Account Plan) (MSHP) Al Meezan Investment Management Limited | 9.29% | 12.37% | Under 5 yrs old | |
19 AKD Islamic Income Fund AKD Investment Management Limited | 9.28% | 14.15% | 14.45% | |
20 AL Habib Islamic Savings Fund AL Habib Asset Management Limited | 9.27% | 14.16% | Under 5 yrs old | |
21 Meezan Islamic Income Fund Al Meezan Investment Management Limited | 9.23% | 13.24% | 13.17% | |
22 AL Habib Islamic Income Fund AL Habib Asset Management Limited | 9.07% | 14.12% | 13.96% | |
23 NBP Islamic Income Fund NBP Fund Management Limited | 9.02% | 13.56% | 13.75% | |
24 ABL Islamic Income Fund ABL Asset Management Company Limited | 8.62% | 13.65% | 13.00% | |
25 Faysal Islamic Special Income Plan I Faysal Asset Management Limited | 8.60% | 13.13% | Under 5 yrs old | |
26 Meezan Sovereign Fund Al Meezan Investment Management Limited | 8.43% | 12.96% | 13.01% | |
27 Alhamra Islamic Income Fund MCB Investment Management Limited | 8.25% | 13.91% | 13.74% | |
28 Faysal Islamic Savings Growth Fund Faysal Asset Management Limited | 8.18% | 13.25% | 13.00% | |
29 Alfalah GHP Islamic Income Fund Alfalah Asset Management Limited | 8.16% | 13.39% | 13.35% | |
30 Alhamra Government Securities Plan I MCB Investment Management Limited | 8.13% | Under 3 yrs old | Under 5 yrs old | |
31 NBP Islamic Government Securities Plan III NBP Fund Management Limited | 8.08% | Under 3 yrs old | Under 5 yrs old | |
32 Al Ameen Islamic Sovereign Fund UBL Fund Managers Limited | 7.80% | 13.55% | 12.90% | |
33 Faysal Islamic Sovereign Fund (Faysal Islamic Sovereign Plan I) Faysal Asset Management Limited | 7.42% | 12.97% | Under 5 yrs old | |
34 Faysal Islamic Sovereign Fund (Faysal Islamic Sovereign Plan II) Faysal Asset Management Limited | 7.27% | Under 3 yrs old | Under 5 yrs old | |
35 ABL Islamic Sovereign Plan I ABL Asset Management Company Limited | 7.26% | Under 3 yrs old | Under 5 yrs old | |
36 Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan II) Alfalah Asset Management Limited | 7.10% | Under 3 yrs old | Under 5 yrs old | |
37 Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan III) Alfalah Asset Management Limited | 7.09% | Under 3 yrs old | Under 5 yrs old | |
38 JS Islamic Income Fund JS Investments Limited | 6.87% | 12.36% | 12.78% | |
39 Pak Oman Advantage Islamic Income Fund Pak Oman Asset Management Company Limited | 5.63% | 11.36% | 12.89% | |
40 Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan I) Alfalah Asset Management Limited | 5.36% | Under 3 yrs old | Under 5 yrs old |