Atlas Asset Management Atlas Islamic Money Market Fund

The cheapest halal cash in Pakistan: Atlas Asset Management charges an actual fee of just 0.06% (cap 1.25%) on this Rs 15.40 billion Islamic money market fund, so nearly all portfolio profit reaches investors - 1-year return 10.32% against a 9.37% benchmark at June 30, 2026, with an AA(f) PACRA stability rating. Launched January 2021, it screens to the PSX-KMI All Share Islamic universe under the Shariah Governance Regulations 2023 with purification via charity donation, and Atlas is the only AMC in its cohort printing a named, SECP-registered Shariah advisor (Dr. Mufti Hassan Ashraf Usmani, SECP/IFD/SA/041) on every FMR page. Entry is Rs 5,000; watch the fee line monthly, because promotional pricing this low can legally rise to the cap.

Atlas wins the halal cash price war outright: at 0.06% the fund is essentially run at cost, and the FY26 result (10.32% vs 9.37% benchmark) shows what happens when nearly nothing is skimmed. Governance is quietly excellent too - Atlas is the only manager in its cohort that prints a named, SECP-registered Shariah advisor on every fund page, which converts a marketing claim into an accountable attestation. The two watch-items: fees this low are a choice that can be unchosen (check each FMR), and the onboarding experience trails Mahaana's app and Alfalah's Raast integration. If you'll tolerate slightly more form-filling for the best economics in the category, this is the fund.