44 Shariah Compliant Income funds
Government securities, sukuk, term finance certificates and bank placements. Aggressive income funds reach for longer maturities and weaker borrowers to earn more.
NAVs as at 16 Oct 2026 · Source: MUFAP
Median 1-year return
up +9.25%
MUFAP's published figures, 40 funds reporting
Average 3-year return
up +15.19%
A yearly rate, as MUFAP quotes it
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
1.50%
Yearly running costs, already in the NAV
Typical risk
Moderate
Holding period: one to three years
Who are Shariah Compliant Income funds for?
Savers who want a steadier return than shares and can leave the money for a year or more. Prices move with interest rates, so a rate rise can cause a small dip.
MUFAP quotes these funds' returns as yearly rates: a 30-day figure of 10% means the fund earned at a pace of about 10% a year over those 30 days. Compare them with each other, not with an equity fund's total return.
Every Shariah Compliant Income 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 |
|---|---|---|---|---|---|
| HBL Islamic Income FundHBL Asset Management Limited | 108.1208 | +9.81% | +10.57% | +15.85% | 1.43% |
| Lucky Islamic Income FundLucky Investments Limited | 103.2810 | +10.16% | +10.37% | — | 0.67% |
| AWT Islamic Income FundAWT Investments Limited | 109.0739 | +10.17% | +10.30% | +17.04% | 0.86% |
| 786 Smart Fund786 Investments Limited | 86.7783 | +10.78% | +10.18% | +16.59% | 2.08% |
| NBP Riba Free Savings FundNBP Fund Management Limited | 10.6978 | +10.44% | +10.17% | +15.75% | 1.02% |
| NIT Islamic Income FundNational Investment Trust Limited | 10.0032 | +9.80% | +10.16% | +16.12% | 1.83% |
| Meezan Daily Income Fund (Meezan Munafa Plan I)Al Meezan Investment Management Limited | 52.0642 | +10.20% | +10.15% | +15.46% | 1.09% |
| Pak Qatar Income PlanPak-Qatar Asset Management Company Limited | 121.4244 | +10.64% | +10.13% | +17.43% | 0.92% |
| Al Ameen Islamic Income FundUBL Fund Managers Limited | 103.7069 | +11.51% | +10.11% | +16.34% | 0.13% |
| Faysal Halal Amdani Fund IIFaysal Asset Management Limited | 102.8646 | +9.14% | +10.10% | — | 0.97% |
| Atlas Islamic Income FundAtlas Asset Management Limited | 532.1486 | +10.03% | +9.96% | +16.25% | 0.55% |
| Meezan Daily Income Fund (Meezan Mahana Munafa Plan)Al Meezan Investment Management Limited | 50.0000 | +9.86% | +9.82% | +14.13% | 1.89% |
| NBP Islamic Mahana Amdani FundNBP Fund Management Limited | 10.4504 | +9.16% | +9.74% | +15.50% | 1.40% |
| NBP Islamic Savings FundNBP Fund Management Limited | 9.8995 | +9.95% | +9.61% | +15.52% | 1.59% |
| Meezan Daily Income Fund (Meezan Super Saver Plan) (MSSP)Al Meezan Investment Management Limited | 52.0225 | +9.23% | +9.58% | — | 1.91% |
| Alhamra Daily Dividend FundMCB Investment Management Limited | 100.0000 | +9.37% | +9.57% | +15.39% | 1.53% |
| Meezan Daily Income Fund (MDIP I)Al Meezan Investment Management Limited | 50.0000 | +9.53% | +9.57% | +15.48% | 1.50% |
| Meezan Islamic Income FundAl Meezan Investment Management Limited | 53.5254 | +11.99% | +9.52% | +14.95% | 1.93% |
| AL Habib Islamic Savings FundAL Habib Asset Management Limited | 103.9548 | +9.29% | +9.33% | +15.75% | 0.45% |
| Meezan Daily Income Fund (Meezan Sehl Account Plan) (MSHP)Al Meezan Investment Management Limited | 52.0604 | +9.00% | +9.33% | +13.63% | 1.95% |
| AL Habib Islamic Income FundAL Habib Asset Management Limited | 105.1484 | +9.99% | +9.17% | +15.79% | 0.71% |
| NBP Islamic Income FundNBP Fund Management Limited | 10.4338 | +7.98% | +9.00% | +15.04% | 1.85% |
| AKD Islamic Income FundAKD Investment Management Limited | 54.1731 | +4.11% | +8.81% | +15.71% | 1.47% |
| ABL Islamic Income FundABL Asset Management Company Limited | 10.5524 | +7.63% | +8.67% | +15.56% | 2.84% |
| Alfalah GHP Islamic Income FundAlfalah Asset Management Limited | 106.9759 | +10.96% | +8.58% | +15.02% | 0.86% |
| Meezan Sovereign FundAl Meezan Investment Management Limited | 53.8181 | +6.78% | +8.44% | +14.20% | 1.96% |
| Faysal Islamic Special Income Plan IFaysal Asset Management Limited | 10.3398 | +3.94% | +8.28% | +14.37% | 2.96% |
| Faysal Islamic Savings Growth FundFaysal Asset Management Limited | 108.4526 | +6.72% | +8.19% | +14.69% | 1.94% |
| NBP Islamic Government Securities Plan IIINBP Fund Management Limited | 10.3447 | +7.42% | +8.18% | — | 1.77% |
| Al Ameen Islamic Sovereign FundUBL Fund Managers Limited | 104.1853 | +1.39% | +7.43% | +14.82% | 1.59% |
| Alhamra Islamic Income FundMCB Investment Management Limited | 107.6829 | −2.75% | +7.39% | +15.14% | 1.37% |
| Faysal Islamic Sovereign Fund (Faysal Islamic Sovereign Plan I)Faysal Asset Management Limited | 103.3259 | +4.73% | +7.30% | +13.99% | 1.95% |
| Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan II)Alfalah Asset Management Limited | 113.4870 | +8.18% | +7.27% | — | 2.12% |
| Alhamra Government Securities Plan IMCB Investment Management Limited | 103.7155 | −4.24% | +7.25% | — | 2.24% |
| Faysal Islamic Sovereign Fund (Faysal Islamic Sovereign Plan II)Faysal Asset Management Limited | 103.2376 | +5.62% | +7.21% | — | 1.95% |
| Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan III)Alfalah Asset Management Limited | 103.3263 | +7.22% | +6.94% | — | 2.14% |
| ABL Islamic Sovereign Plan IABL Asset Management Company Limited | 10.2596 | +0.74% | +6.81% | — | 5.10% |
| JS Islamic Income FundJS Investments Limited | 109.6137 | +10.38% | +6.42% | +13.64% | 0.47% |
| Pak Oman Advantage Islamic Income FundPak Oman Asset Management Company Limited | 54.4356 | +4.69% | +5.70% | +12.24% | 1.28% |
| Alfalah Islamic Sovereign Fund (Alfalah Islamic Sovereign Plan I)Alfalah Asset Management Limited | 102.2402 | +10.79% | +5.60% | +13.42% | 0.25% |
| Alhamra Islamic Investment Savings FundMCB Investment Management Limited | 103.3621 | +11.84% | — | — | 0.25% |
| Faysal Halal Amdani Fund IIIFaysal Asset Management Limited | 103.3556 | +10.69% | — | — | 0.25% |
| HBL Islamic Regular Income FundHBL Asset Management Limited | 100.0000 | +9.90% | — | — | 1.14% |
| Meezan Government Securities Fund Plan IAl Meezan Investment Management Limited | 51.5771 | +9.45% | — | — | 1.90% |
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.