17 VPS-Shariah Compliant Debt 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 13 Oct 2026 · Source: MUFAP
Median 1-year return
up +9.59%
MUFAP's published figures, 15 funds reporting
Average 3-year return
up +15.77%
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
1.35%
Yearly running costs, already in the NAV
Typical risk
Moderate
Holding period: one to three years
Who are VPS-Shariah Compliant Debt 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 VPS-Shariah Compliant Debt 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 Pension FundAWT Investments Limited | 118.0669 | +8.77% | +11.60% | — | 0.00% |
| NIT Islamic Pension FundNational Investment Trust Limited | 26.9848 | +10.45% | +10.51% | +16.60% | 0.94% |
| Pak Qatar Islamic Pension FundPak-Qatar Family Takaful Limited | 175.0142 | +10.45% | +10.49% | +17.15% | 1.69% |
| Atlas Pension Islamic FundAtlas Asset Management Limited | 500.4900 | +10.54% | +10.47% | +16.73% | 0.44% |
| Meezan Tahaffuz Pension FundAl Meezan Investment Management Limited | 543.0153 | +10.00% | +9.91% | +16.06% | 1.27% |
| Al Ameen Islamic Retirement Savings FundUBL Fund Managers Limited | 390.1386 | +9.09% | +9.82% | +15.85% | 0.89% |
| Mahaana IGI Islamic Retirement FundIGI Life Insurance Limited | 11.4869 | +8.94% | +9.77% | — | 1.63% |
| ABL Islamic Pension FundABL Asset Management Company Limited | 237.4180 | +9.63% | +9.58% | +14.18% | 1.59% |
| NAFA Islamic Pension FundNBP Fund Management Limited | 307.2428 | +9.41% | +9.57% | +15.61% | 1.38% |
| HBL Islamic Pension FundHBL Asset Management Limited | 350.9071 | +9.73% | +9.44% | +16.86% | 1.01% |
| Alfalah GHP Islamic Pension FundAlfalah Asset Management Limited | 223.2506 | +7.42% | +8.88% | +15.37% | 0.97% |
| Faysal Islamic Pension FundFaysal Asset Management Limited | 187.8026 | +10.04% | +8.57% | +15.40% | 0.50% |
| AL Habib Islamic Pension FundAL Habib Asset Management Limited | 172.3657 | +6.60% | +7.22% | +13.67% | 1.91% |
| Alhamra Islamic Pension FundMCB Investment Management Limited | 476.0300 | −1.81% | +6.92% | +16.58% | 1.67% |
| JS Islamic Pension Savings FundJS Investments Limited | 452.5476 | +2.92% | +6.19% | +14.92% | 2.12% |
| EFU Hemayah Pension FundEFU Life Assurance Limited | 103.5988 | +4.68% | — | — | 4.02% |
| Lucky Islamic Pension FundLucky Investments Limited | 109.3500 | +9.65% | — | — | 0.77% |
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.