摘要：The paper investigates 9 Islamic mutual funds that are ma naged by different funds managers of Pakistan. We have examined that returns of funds are according to their level of risk. The study also investigated the performance and ability of funds managers by the help of different models, such as sharp ratio, Trenyor ratio, Jensen's Alpha and information ratio. First returns are calculated than ratios are estim ated, where the results represent that Islamic funds have significant growth in previous years which indicate that in Pakistan Islamic funds are growing and investor are attracted by these funds. To check the performance of Islamic mutual funds we have first ca lculate the average monthly returns, net asset va lue and market index value. The findings that are achieved from the function of models on data are used to estimate the performance of speedily g rowing Pakistani Islamic Mutual Funds industry
