50 VPS-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 +10.02%
MUFAP's published figures, 27 funds reporting
Average 3-year return
up +15.94%
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
3.16%
Yearly running costs, already in the NAV
Typical risk
Low
Holding period: a few days to a year
Who are VPS-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 VPS-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 Pension FundAWT Investments Limited | 116.6864 | +8.04% | +11.11% | — | 0.00% |
| Meezan GOKP Pension FundAl Meezan Investment Management Limited | 148.1777 | +10.41% | +10.82% | — | 0.87% |
| Al Ameen Voluntary Pension Fund KPKUBL Fund Managers Limited | 138.8210 | +10.09% | +10.64% | — | 0.15% |
| Faysal Islamic KPK Government Pension FundFaysal Asset Management Limited | 139.4040 | +10.18% | +10.59% | — | 0.63% |
| NIT Islamic Pension FundNational Investment Trust Limited | 26.7466 | +10.52% | +10.57% | +15.69% | 0.89% |
| JS Islamic Pension Savings FundJS Investments Limited | 440.2790 | +9.65% | +10.54% | +17.01% | 0.97% |
| Atlas KPK Islamic Pension FundAtlas Asset Management Limited | 143.7254 | +10.20% | +10.52% | — | 0.45% |
| NIT KP Islamic Pension FundNational Investment Trust Limited | 139.4888 | +11.08% | +10.48% | — | 1.23% |
| NBP GoKP Islamic Pension FundNBP Fund Management Limited | 144.2867 | +10.12% | +10.45% | — | 0.61% |
| Pak Qatar Islamic Pension FundPak-Qatar Family Takaful Limited | 171.5433 | +10.42% | +10.42% | +16.25% | 1.36% |
| Atlas Pension Islamic FundAtlas Asset Management Limited | 529.1000 | +10.60% | +10.40% | +16.12% | 0.36% |
| Meezan Tahaffuz Pension FundAl Meezan Investment Management Limited | 541.9940 | +10.10% | +10.27% | +16.93% | 0.99% |
| Alfalah GHP Islamic Pension FundAlfalah Asset Management Limited | 231.3197 | +10.52% | +10.14% | +15.77% | 0.84% |
| JS KPK Islamic Pension FundJS Investments Limited | 144.0839 | +9.26% | +10.02% | — | 0.29% |
| MCB Alhamra KPK Govt Employees Pension FundMCB Investment Management Limited | 143.1823 | +10.14% | +9.95% | — | 1.12% |
| ABL Islamic Pension FundABL Asset Management Company Limited | 240.8808 | +9.59% | +9.82% | +14.85% | 1.04% |
| HBL Islamic Pension FundHBL Asset Management Limited | 333.2858 | +10.22% | +9.80% | +15.59% | 1.00% |
| NAFA Islamic Pension FundNBP Fund Management Limited | 313.6567 | +9.41% | +9.80% | +15.58% | 0.99% |
| Faysal Islamic Pension FundFaysal Asset Management Limited | 193.9304 | +10.51% | +9.63% | +16.41% | 0.31% |
| ABL GOKP Islamic Pension FundABL Asset Management Company Limited | 128.1055 | +10.46% | +9.51% | — | 0.44% |
| Mahaana IGI Islamic Retirement FundIGI Life Insurance Limited | 11.3652 | +9.73% | +9.37% | — | 1.59% |
| HBL KPK Islamic Pension FundHBL Asset Management Limited | 139.9149 | +9.85% | +9.33% | — | 0.11% |
| Alfalah Islamic KPK Employee Pension FundAlfalah Asset Management Limited | 137.5514 | +8.59% | +9.22% | — | 0.85% |
| Alhamra Islamic Pension FundMCB Investment Management Limited | 442.2700 | +4.45% | +9.20% | +17.20% | 1.35% |
| Al Ameen Islamic Retirement Savings FundUBL Fund Managers Limited | 376.1770 | +8.42% | +9.03% | +15.63% | 0.86% |
| AL Habib GOKP Islamic Pension FundAL Habib Asset Management Limited | 138.7385 | +10.04% | +8.60% | — | 0.78% |
| AL Habib Islamic Pension FundAL Habib Asset Management Limited | 171.2959 | +7.52% | +8.33% | +14.19% | 1.57% |
| ABL GOB Islamic Pension FundABL Asset Management Company Limited | 101.4333 | +6.74% | — | — | 0.21% |
| ABL GOPB Islamic Pension FundABL Asset Management Company Limited | 106.2979 | +7.43% | — | — | 0.21% |
| Al Ameen Islamic Punjab Pension FundUBL Fund Managers Limited | 105.3336 | +7.57% | — | — | 123.82% |
| Alfalah Balochistan Islamic Pension FundAlfalah Asset Management Limited | 102.1174 | +10.24% | — | — | 0.50% |
| Alfalah GOPB Islamic Pension FundAlfalah Asset Management Limited | 104.0993 | +8.65% | — | — | 0.82% |
| Alhamra Islamic Punjab Pension FundMCB Investment Management Limited | 107.8014 | +10.78% | — | — | 0.74% |
| Atlas Balochistan Islamic Pension FundAtlas Asset Management Limited | 100.8198 | — | — | — | 0.16% |
| Atlas Punjab Islamic Pension FundAtlas Asset Management Limited | 110.7067 | +10.61% | — | — | 0.21% |
| AWT Islamic Punjab Pension FundAWT Investments Limited | 100.9018 | +5.11% | — | — | 0.00% |
| EFU Hemayah Pension FundEFU Life Assurance Limited | 106.0480 | +8.15% | — | — | 3.46% |
| Faysal Islamic Punjab Pension FundFaysal Asset Management Limited | 106.4557 | +11.32% | — | — | 0.56% |
| HBL Islamic Punjab Pension FundHBL Asset Management Limited | 104.6830 | +7.65% | — | — | 0.14% |
| JS Balochistan Islamic Pension FundJS Investments Limited | 100.7890 | +0.07% | — | — | 0.00% |
| JS Punjab Islamic Pension FundJS Investments Limited | 102.8018 | +16.28% | — | — | 0.76% |
| Lucky Islamic Pension FundLucky Investments Limited | 109.2433 | +9.13% | — | — | 0.89% |
| Lucky Islamic Punjab Pension FundLucky Investments Limited | 108.0971 | +11.14% | — | — | 0.36% |
| Meezan Islamic Government of Balochistan Pension FundAl Meezan Investment Management Limited | 102.3881 | +10.85% | — | — | 0.61% |
| Meezan Islamic Government of Punjab Pension FundAl Meezan Investment Management Limited | 109.9755 | +10.28% | — | — | 0.69% |
| NBP Islamic Balochistan Pension FundNBP Fund Management Limited | 101.8016 | +10.51% | — | — | 0.56% |
| NBP Islamic Punjab Pension FundNBP Fund Management Limited | 107.7642 | +10.68% | — | — | 0.56% |
| Pak Qatar GoB Islamic Pension FundPak-Qatar Family Takaful Limited | 101.3100 | +10.36% | — | — | 0.33% |
| Pak Qatar GoKP Islamic Pension FundPak-Qatar Family Takaful Limited | 107.9523 | +11.66% | — | — | 0.59% |
| Pak Qatar GoPB Islamic Pension FundPak-Qatar Family Takaful Limited | 107.0480 | +12.71% | — | — | 0.32% |
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.