NIT (National Investment Trust) NIT Islamic Funds

The Islamic sliver of Pakistan's mutual fund pioneer: National Investment Trust (established 1962, ~PKR 198 billion house AUM) runs an Islamic money market fund of ~PKR 10.4 billion, an Islamic equity fund (~PKR 3.9 billion, launched May 2015), an Islamic income fund (~PKR 2.4 billion) and an Islamic pension fund structured on Wakalah-tul-Istismar with CDC as trustee (trust deed May 2015) - roughly 7% of the house book, per PACRA's December 2024 figures. Verification is the problem: nit.com.pk is Cloudflare-blocked to automated review, fee schedules are unobtainable, and no Shariah advisor's name appears in any accessible source - PACRA reports, PSX notices or cached NIT material. State-linked durability, minimal public evidence.

NIT's Islamic funds exist mostly for investors already inside the NIT ecosystem - government-adjacent savers who value the 1962 institution's permanence and branch network. Taken on their own merits, the funds are mid-sized, the pension fund's Wakalah structure is properly documented, and nothing suggests impropriety. But a halal investor doing public due diligence gets stonewalled twice: by a website that blocks access and by rating reports that never name a scholar. With Al Meezan, Atlas and Alfalah publishing their governance in detail, choosing NIT's Islamic line means accepting materially less verifiability for no cost or performance advantage we could establish. Verify through a branch if institutional durability is what you're buying.