36 Shariah Compliant Money Market funds
Bank deposits, treasury bills and short-term commercial paper, mostly maturing within months.
NAVs as at 14 Oct 2026 · Source: MUFAP
Median 1-year return
up +10.50%
MUFAP's published figures, 30 funds reporting
Average 3-year return
up +15.83%
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
0.78%
Yearly running costs, already in the NAV
Typical risk
Low
Holding period: a few days to a year
Who are Shariah Compliant Money Market funds for?
Cash you may need at short notice, or money parked between other investments. A step up from a savings account, not a way to grow wealth over decades.
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 Money Market 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 |
|---|---|---|---|---|---|
| AWT Islamic Money Market FundAWT Investments Limited | 121.6940 | +11.05% | +11.13% | — | 0.83% |
| Pak Qatar Daily Dividend PlanPak-Qatar Asset Management Company Limited | 100.0000 | +10.82% | +11.00% | +16.43% | 0.66% |
| Atlas Islamic Money Market FundAtlas Asset Management Limited | 523.1723 | +10.92% | +10.99% | +16.67% | 0.26% |
| Pak Qatar Cash PlanPak-Qatar Asset Management Company Limited | 120.1355 | +10.94% | +10.89% | +16.74% | 0.60% |
| Al Ameen Islamic Cash Plan IUBL Fund Managers Limited | 103.5664 | +10.54% | +10.82% | +16.58% | 0.54% |
| NBP Islamic Money Market FundNBP Fund Management Limited | 10.5171 | +10.83% | +10.76% | +16.40% | 0.38% |
| NBP Islamic Daily Dividend FundNBP Fund Management Limited | 10.0000 | +10.02% | +10.73% | +16.45% | 1.05% |
| AKD Islamic Cash FundAKD Investment Management Limited | 51.8954 | +10.96% | +10.67% | +19.71% | 0.55% |
| Lakson Islamic Money Market FundLakson Investments Limited | 104.1965 | +11.09% | +10.64% | +16.15% | 0.00% |
| HBL Islamic Money Market FundHBL Asset Management Limited | 104.8621 | +8.90% | +10.59% | +16.24% | 1.01% |
| Atlas Islamic Cash FundAtlas Asset Management Limited | 518.9644 | +10.48% | +10.57% | — | 0.57% |
| ABL Islamic Cash FundABL Asset Management Company Limited | 10.3399 | +11.04% | +10.55% | +16.50% | 0.42% |
| ABL Islamic Money Market Plan IABL Asset Management Company Limited | 10.3283 | +10.30% | +10.53% | — | 0.78% |
| Alhamra Cash Management OptimizerMCB Investment Management Limited | 103.5957 | +9.72% | +10.52% | +16.47% | 0.75% |
| NIT Islamic Money Market FundNational Investment Trust Limited | 104.7274 | +10.43% | +10.52% | +16.25% | 1.02% |
| Lucky Islamic Money Market FundLucky Investments Limited | 103.4486 | +10.48% | +10.47% | — | 0.58% |
| Alfalah Islamic Money Market FundAlfalah Asset Management Limited | 103.6617 | +10.34% | +10.44% | +16.43% | 0.99% |
| Mahaana Islamic Cash FundMahaana Wealth Limited | 110.3857 | +10.32% | +10.34% | +16.75% | 0.92% |
| JS Islamic Money Market FundJS Investments Limited | 107.3967 | +11.05% | +10.33% | +16.25% | 0.46% |
| AL Habib Islamic Cash FundAL Habib Asset Management Limited | 103.8930 | +9.82% | +10.29% | +15.80% | 0.99% |
| Alfalah Islamic Amdani FundAlfalah Asset Management Limited | 103.6099 | +11.04% | +10.04% | +10.94% | 0.79% |
| Al Ameen Islamic Cash FundUBL Fund Managers Limited | 104.3031 | +9.14% | +9.93% | +15.86% | 1.07% |
| 786 Islamic Money Market Fund786 Investments Limited | 103.3938 | +9.66% | +9.82% | — | 0.89% |
| Meezan Cash FundAl Meezan Investment Management Limited | 53.0895 | +9.96% | +9.80% | +15.49% | 1.30% |
| Meezan Rozana Amdani FundAl Meezan Investment Management Limited | 50.0000 | +9.94% | +9.80% | +15.67% | 1.43% |
| Alhamra Islamic Money Market FundMCB Investment Management Limited | 99.5100 | +9.92% | +9.75% | +15.87% | 1.08% |
| HBL Islamic Savings Plan IHBL Asset Management Limited | 103.8166 | +8.99% | +9.68% | — | 1.58% |
| Faysal Islamic Cash FundFaysal Asset Management Limited | 103.2862 | +9.16% | +9.50% | +15.97% | 0.66% |
| Faysal Halal Amdani FundFaysal Asset Management Limited | 104.9578 | +9.35% | +9.45% | +15.35% | 0.67% |
| Pak Oman Daily Dividend FundPak Oman Asset Management Company Limited | 9.9637 | −0.32% | +1.47% | +8.98% | 1.68% |
| AL Habib Islamic Money Market FundAL Habib Asset Management Limited | 103.3715 | +10.77% | — | — | 0.17% |
| Alhamra Islamic Cash FundMCB Investment Management Limited | 100.9347 | +10.64% | — | — | 0.90% |
| BMA Islamic Noor Cash FundBMA Investment Advisors Limited | 103.2120 | +10.43% | — | — | 0.82% |
| Lucky Islamic Cash FundLucky Investments Limited | 103.2185 | +11.10% | — | — | 0.32% |
| Meezan Islamic Asaan Cash FundAl Meezan Investment Management Limited | 51.5477 | +10.16% | — | — | 1.30% |
| NBP Islamic Money Market Liquid FundNBP Fund Management Limited | 10.0733 | — | — | — | 0.15% |
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.