What is the Meezan Cash Fund profit rate per month?

Based on May 2026 published data, Meezan Cash Fund's 30-day return was around 0.74 percent (close to 0.75 percent monthly), 90-day return was 2.24 percent, and 1-year trailing return was 9.58 percent. On a Rs 100,000 investment, the expected gross monthly profit at recent rates is approximately Rs 750 to 800, or roughly Rs 635 net after 15 percent withholding tax. Returns are NOT fixed, they float with KIBOR and short-term Islamic instrument yields. Verify current rate on the official Al Meezan fund prices page.

What is the difference between Meezan Cash Fund and Meezan Rozana Amdani Fund?

Both are Shariah-compliant money market funds managed by Al Meezan Investment Management Limited, with similar 1-year returns (around 9.5 percent as of May 2026) and similar low-risk AA+(f) ratings. Key difference: Meezan Rozana Amdani Fund (MRAF) is designed for DAILY payout / withdrawal, ideal for parking emergency funds or short-term liquidity needs. Meezan Cash Fund (MCF) is for slightly longer holds with profit accruing in NAV and realised on redemption. MCF has much larger AUM (Rs 241 billion vs Rs 20 billion), suggesting deeper market acceptance for medium-term holds.

Are Al Meezan money market funds halal / Shariah-compliant?

Yes. All Al Meezan money market funds are certified Shariah-compliant by the Al Meezan Shariah Advisory Board, which oversees fund operations to ensure conformity with Islamic finance principles. Investments are made in Shariah-compliant short-term instruments including Sukuk (Islamic bonds), Islamic deposits with Islamic banks (Meezan Bank, Faysal Islamic, BankIslami, Dubai Islamic Bank Pakistan), and Government of Pakistan Ijarah Sukuk. Returns are profit-based, not interest-based, so they are categorically distinct from conventional money market funds.

Is the capital guaranteed in Meezan Cash Fund?

No. Like all mutual funds globally, Meezan Cash Fund's capital is NOT guaranteed. The fund's investment objective explicitly states 'maximum possible preservation of capital', which means the manager aims to protect capital but cannot guarantee it. In practice money market funds rarely lose principal value, but theoretically they can if underlying short-term Sukuk or Islamic deposits default. AA+(f) credit rating from PACRA indicates very low historical risk of capital loss, but does not equal a guarantee.

How much tax do I pay on Meezan Cash Fund profits in Pakistan?

Pakistan applies withholding tax (WHT) on mutual fund profit distributions. The rate depends on your filer status: 15 percent for active filers (on the FBR Active Taxpayer List, ATL), 30 percent for non-filers. Filer rate is half the non-filer rate, so becoming a filer is highly recommended for mutual fund investors. File a nil annual return on the FBR IRIS portal to get on the ATL. Capital gains tax also applies on redemption gains depending on holding period and filer status. Verify current rates with FBR or your tax advisor.

What if I invest Rs 10,000 per month in Meezan Cash Fund?

Using the calculator with Rs 10,000 monthly contribution, 9.5 percent expected annual return, and 15 percent withholding tax: over 1 year you would invest Rs 120,000 and accumulate roughly Rs 6,300 gross profit (Rs 5,355 net after WHT), ending with approximately Rs 125,355. Over 3 years: invested Rs 360,000, gross profit roughly Rs 56,000 (Rs 47,600 net), ending around Rs 407,600. Over 5 years: invested Rs 600,000, gross profit roughly Rs 165,000 (Rs 140,000 net), ending around Rs 740,000. Returns are not guaranteed; these are estimates based on recent historical rates.

How is profit calculated in money market mutual funds?

Money market mutual funds compound your investment through daily changes in Net Asset Value (NAV). The fund manager invests pooled money in short-term Shariah-compliant instruments. Profits earned daily are added back to the fund's NAV, which is why NAV rises gradually over time (Meezan Cash Fund NAV went from launch around Rs 50 to Rs 55.75 in May 2026, reflecting cumulative profit). Your gain is calculated as (current NAV − purchase NAV) × number of units held, minus applicable tax. The annualised return percentage reflects compounded daily NAV growth over a 12-month period.

Can overseas Pakistanis invest in Al Meezan money market funds?

Yes, through Roshan Digital Account (RDA). Open an RDA with Meezan Bank or any approved Pakistani bank, fund it via USD wire transfer, then subscribe to Al Meezan Islamic mutual funds within RDA. Returns are typically tax-free for non-resident Pakistanis under the RDA tax regime (verify current rules with your bank). RDA also gives access to Naya Pakistan Certificates and other Islamic instruments. For UK / US / GCC overseas Pakistanis, RDA is the cleanest tax-efficient way to invest in Al Meezan funds while maintaining your local tax status.

Al Meezan Money Market Profit Calculator

Estimate profit from Meezan Cash Fund, Meezan Rozana Amdani Fund and other Al Meezan Islamic money market funds. Gross profit, net after WHT, monthly and daily breakdown.

About the Al Meezan Money Market Profit Calculator

Free Al Meezan Money Market Profit Calculator for Pakistani investors. Estimate the potential profit on a lump sum or monthly SIP investment in Al Meezan's Shariah-compliant money market funds: Meezan Cash Fund (MCF, 1-year trailing return around 9.5%), Meezan Rozana Amdani Fund (MRAF, similar return, daily payout option), and Meezan Islamic Asaan Cash Fund. Pick a fund preset and the calculator pre-fills the recent return rate, or switch to custom and enter your own expected rate. Add an optional monthly contribution to model SIP-style accumulation. Set the investment duration in months. Set the withholding tax rate (15% for filers, 30% for non-filers under Pakistan tax rules). The calculator returns total invested, final estimated value, gross profit, withholding tax amount, net profit after tax, average monthly profit, and average daily profit. Includes quick-amount buttons for common scenarios (Rs 50K, 100K, 500K, 1M, 5M) so you can compare side by side without retyping. All return numbers are estimates based on recent historical performance, not guaranteed forward returns. Money market mutual funds carry market risk; capital is not protected. Always verify current NAV and historical returns directly on the official Al Meezan fund prices page before investing. All Al Meezan money market funds are certified Shariah-compliant by the Al Meezan Shariah Advisory Board, with investments routed through short-term Islamic instruments (Sukuk, Islamic deposits, Government of Pakistan Ijarah Sukuk).

Estimates only, returns are not guaranteed.

Money market mutual funds carry market risk. Past performance does not guarantee future results. Capital is not protected. Verify current NAV and historical returns directly on the official Al Meezan fund prices page before investing.

Al Meezan Money Market Profit Calculator

Fund

Low (AA+(f) rated) · AUM PKR 241 billion · On redemption (no daily payout)

Expected annual return %

Editable estimate based on recent historical returns. 1-year trailing observed around 9.5% on independent fund aggregators in mid-2026; long-term annualised has ranged 17 to 22%. Verify the latest figures on the official Al Meezan fund prices page before relying on this default.

Initial investment (PKR)

Monthly contribution (optional, PKR)

Investment duration (months)

Withholding tax % (15% filer, 30% non-filer)

Pakistan applies withholding tax on mutual fund profits. Filer status reduces the rate. Verify current rate with FBR or your tax advisor.

Total invested

PKR 100,000

Final value

PKR 109,925

Gross profit (before tax)

PKR 9,925

Withholding tax (15%)

- PKR 1,489

Net profit (after tax)

PKR 8,436

Avg monthly profit (gross)

PKR 827

Avg daily profit (gross)

PKR 27

Shariah compliance

All Al Meezan money market funds are certified Shariah-compliant by the Al Meezan Shariah Advisory Board. Investments are made in Shariah-compliant short-term instruments (Sukuk, Islamic deposits, GoP Ijarah Sukuk). Returns are profit-based, not interest-based.

Current Al Meezan fund NAV and historical returns

Select the fund: Meezan Cash Fund (MCF), Meezan Rozana Amdani Fund (MRAF), Meezan Islamic Asaan Cash Fund, or Custom. The calculator pre-fills the recent 1-year trailing return rate for the selected fund (around 9.5 percent as of May 2026). Pick Custom to enter your own expected rate.
Enter the initial investment amount in PKR. Use the quick-amount buttons (Rs 50K, 100K, 500K, 1M, 5M) for common scenarios, or type any custom amount.
Optionally enter a monthly contribution amount if you plan to invest regularly each month (SIP-style accumulation). Leave at zero for a pure lump sum scenario.
Set the investment duration in months. 12 for one year, 36 for three years, 60 for five years, 120 for ten years.
Set the withholding tax percentage: 15 percent if you are an active filer on the FBR Active Taxpayer List (ATL), 30 percent if non-filer. Filer status is strongly recommended for mutual fund investors to halve the tax outflow.
Read the results: total invested, final value, gross profit before tax, withholding tax amount, net profit after tax (the bottom line that matters), and average monthly + daily profit. Return numbers are estimates only, returns are not guaranteed.

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Al Meezan Money Market Profit Calculator

About the Al Meezan Money Market Profit Calculator

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Frequently Asked Questions

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