23 Shariah Compliant Asset Allocation funds
A mix of shares and fixed income. Balanced funds keep the mix within set limits; asset allocation funds can swing from mostly shares to mostly debt.
NAVs as at 14 Oct 2026 · Source: MUFAP
Median 1-year return
up +3.46%
MUFAP's published figures, 17 funds reporting
Average 3-year return
up +98.29%
Total over the three years
Average expense ratio Expense ratio (TER)A fund's yearly running costs — management fee, taxes and other charges — as a percentage of its assets, taken out of the NAV. Reported in Pakistan as the Total Expense Ratio; lower leaves more for you. Glossary
1.98%
Yearly running costs, already in the NAV
Typical risk
Moderate
Holding period: three years or more
Who are Shariah Compliant Asset Allocation funds for?
Investors who want one fund to make the shares-versus-debt decision for them and can sit through some ups and downs.
Every Shariah Compliant Asset Allocation fund
Best published one-year return first; a fund flagged "Check data" comes last. Returns are after the fund's own costs and before any sales load.
| Fund | NAV (Rs) | 1M | 1Y | 3Y | TER |
|---|---|---|---|---|---|
| Faysal Islamic Asset Allocation FundFaysal Asset Management Limited | 92.9461 | +0.81% | +10.75% | +57.04% | 0.70% |
| HBL Islamic Asset Allocation FundHBL Asset Management Limited | 315.3051 | −3.10% | +10.64% | +174.05% | 3.64% |
| Faysal Islamic Asset Allocation Fund III (Faysal Shariah Flex Plan I)Faysal Asset Management Limited | 111.0509 | +0.77% | +10.55% | — | 0.55% |
| Pak Qatar Asset Allocation Plan II (PQAAP IIA)Pak-Qatar Asset Management Company Limited | 119.0755 | +0.57% | +9.68% | +52.19% | 0.35% |
| Alfalah GHP Islamic Value FundAlfalah Asset Management Limited | 145.0901 | +0.39% | +9.36% | +51.98% | 0.60% |
| Pak Qatar Asset Allocation Plan I (PQAAP IA)Pak-Qatar Asset Management Company Limited | 120.0750 | +1.34% | +8.76% | +50.30% | 0.36% |
| Al Ameen Islamic Asset Allocation FundUBL Fund Managers Limited | 197.3103 | −0.46% | +5.80% | +101.65% | 2.15% |
| Meezan Dynamic Asset Allocation Fund (Meezan Dividend Yield Plan)Al Meezan Investment Management Limited | 80.8728 | −1.93% | +4.83% | — | 4.71% |
| ABL Islamic Asset Allocation FundABL Asset Management Company Limited | 10.2063 | +0.48% | +3.46% | +28.06% | 2.70% |
| Pak-Qatar Asset Allocation Plan III (PQAAP IIIA)Pak-Qatar Asset Management Company Limited | 129.7204 | −2.22% | +2.73% | — | 2.57% |
| NBP Islamic Sarmaya Izafa FundNBP Fund Management Limited | 33.4541 | −2.23% | +1.53% | +165.60% | 3.76% |
| AWT Islamic Asset Allocation FundAWT Investments Limited | 163.9024 | −2.05% | +0.55% | — | 3.82% |
| Lakson Islamic Tactical FundLakson Investments Limited | 88.7464 | −2.14% | −0.08% | +67.94% | 0.79% |
| Meezan Asset Allocation FundAl Meezan Investment Management Limited | 110.5145 | −2.51% | −0.71% | +156.22% | 4.86% |
| Alhamra Islamic Asset Allocation FundMCB Investment Management Limited | 205.7823 | −1.95% | −1.05% | +196.64% | 4.24% |
| Pak Oman Islamic Asset Allocation FundPak Oman Asset Management Company Limited | 36.4634 | −2.52% | −1.61% | +77.78% | 1.49% |
| Faysal Islamic Asset Allocation Fund IIFaysal Asset Management Limited | 109.1506 | −4.07% | −7.42% | — | 2.75% |
| Alfalah Islamic Asset Allocation Fund Plan IAlfalah Asset Management Limited | 103.6751 | +0.87% | — | — | 0.86% |
| Faysal Islamic Asset Allocation Fund III (Faysal Shariah Flex Plan II)Faysal Asset Management Limited | 108.5683 | +0.33% | — | — | 2.06% |
| Faysal Islamic Asset Allocation Fund III (Faysal Shariah Flex Plan III)Faysal Asset Management Limited | 108.6050 | +0.85% | — | — | 0.42% |
| Faysal Islamic Asset Allocation Fund IV (Faysal Shariah Flex Plan IV)Faysal Asset Management Limited | 104.7334 | +0.80% | — | — | 0.44% |
| Faysal Islamic Asset Allocation Fund IV (Faysal Shariah Flex Plan V)Faysal Asset Management Limited | 104.4021 | +0.85% | — | — | 0.41% |
| Faysal Islamic Asset Allocation Fund IV (Faysal Shariah Flex Plan VI)Faysal Asset Management Limited | 104.5623 | +0.74% | — | — | 1.41% |
Returns are the trailing figures published by MUFAP. Risk is the level typical of the category, not each fund's own disclosed risk profile. Past performance does not predict future returns, and nothing here is a recommendation to buy or sell.