Asset Management

Faysal Bank Mutual Funds — Faysal Funds (FAML)

Faysal Bank's Shariah-compliant investment plans, run through its asset management subsidiary.

99.99% FBL-owned
SECP-licensed
All-Islamic fund range

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Reviewed: August 16, 2026

Faysal Funds (FAML), 99.99% owned by Faysal Bank, manages Rs240bn in AUM as of Q1 2026 — a separate number from FABL's own PSX share price.

FABL share price: dps.psx.com.pk/company/FABL
FAML fund NAV: faysalfunds.com (a different number entirely)
VIS Management Quality rating: AM1, the top of the scale
Pension fund contributions qualify for a tax rebate under Section 63

Faysal Bank's mutual funds run through Faysal Asset Management Limited, branded Faysal Funds — a subsidiary in which Faysal Bank Limited holds 99.99% of the shares. Faysal Funds was incorporated in 2003 and is licensed by the SECP for asset management and investment advisory services, separate from the bank's core deposit-taking license.

As Faysal Bank itself is fully Islamic, Faysal Funds' offering is almost entirely Shariah-compliant — savings-oriented income funds, equity-linked plans, and dedicated pension products for long-term retirement planning.

Faysal Bank Mutual Funds — Plan Categories

Income Plans

Products such as the Faysal Islamic Special Income Plan, aimed at investors prioritising stable, Shariah-compliant returns over capital growth.

Pension Funds

The Faysal Islamic Pension Fund (FIPF) and Faysal Pension Fund (FPF) offer a regular income stream plus a lump-sum amount at retirement, open to Pakistani nationals and NRPs with a valid NTN or CNIC/NICOP.

Investment Advisory

Faysal Funds also provides structured, customised investment solutions for domestic and international clientele beyond its packaged fund products.

Fund categories and ownership structure confirmed from Faysal Funds' official website (faysalfunds.com) and Faysal Bank's Investment Solutions product listing.

Faysal Funds (FAML) Performance

Per Faysal Bank's audited Annual Report 2025, FAML's Assets Under Management (AUM) reached Rs273 billion as of December 31, 2025, up 11% from Rs246 billion a year earlier. FAML posted Profit After Tax of Rs900 million for the year, up 6.4% over CY2024, and VIS Credit Rating Company has assigned it a Management Quality rating of AM1 — the top of the scale, unchanged from CY2024.

More recently, Faysal Bank's Q1 2026 results (quarter ended March 31, 2026) put FAML's AUM at Rs240 billion as of March 31, 2026 — below the Rs273 billion year-end figure — with quarterly Profit After Tax of Rs197 million, down 30% on the same quarter last year. VIS reaffirmed the AM1 rating as at March 31, 2026: the rating itself hasn't moved, even though AUM and quarterly profit have.

Tax Treatment on Faysal Funds Investments

Under Section 63 of the Income Tax Ordinance, 2001, investors in Faysal Funds' pension products can claim a tax rebate at the average tax rate on contributions up to PKR 2,000,000 or 20% of taxable income, whichever is lower. A minimum two-year holding period applies, and premature withdrawal from a pension fund carries separate tax implications — talk to a tax advisor for specifics.

Is Faysal Bank's Share Price the Same as Faysal Funds' NAV?

Keep these two separate: Faysal Bank Limited's own share price (PSX: FABL) reflects the banking group's equity value, checked directly at dps.psx.com.pk/company/FABL. Faysal Funds' mutual fund units are priced daily as Net Asset Value (NAV) per unit instead, published on faysalfunds.com — a different number entirely from FABL's stock price, even though Faysal Bank owns almost all of Faysal Funds.

Frequently Asked Questions

Who manages Faysal Bank's mutual funds?

Faysal Bank's mutual funds are managed by Faysal Asset Management Limited (Faysal Funds), a subsidiary in which Faysal Bank Limited holds 99.99% of the shares. Faysal Funds is licensed by the Securities and Exchange Commission of Pakistan (SECP) for asset management and investment advisory services.

Are Faysal Funds Shariah-compliant?

Faysal Funds offers a range of Islamic investment plans, including the Faysal Islamic Pension Fund and Faysal Islamic Special Income Plan, structured to be Shariah-compliant, consistent with Faysal Bank's status as a fully Islamic bank.

Good For

Understanding who actually manages Faysal Bank mutual funds
Comparing Faysal Bank mutual funds across income, equity, and pension plan categories
Knowing the tax rebate rules for pension fund contributions
Telling FABL's share price and Faysal Bank mutual funds NAV apart

Want to check Faysal Bank mutual funds today?

See PSX for FABL's live share price, or faysalfunds.com for current fund NAVs.

Visit Faysal Bank Official Website See FABL Bank Profile