This research is a comparative study of sukuk and conventional bonds in Pakistan Capital Market. The data for analysis has been collected from secondary sources of data and data analysis has been done by making graphs on excel. The research approach is inductive so the hypotheses are not required to conduct this research. Valuation, market value, required rate of return, time period, maturity, risk management and profitability has been selected as variables for the data collection; the data for selected variables has been collected for the period of 10 years. On the basis of data analysis, it has been found that percentage increase in the market value of the conventional bonds is higher than that of sukuk; which leads to higher profitability and valuation. The investors are recommended to invest in the conventional bonds because the percentage increase in market value, valuation and profitability is higher for conventional bonds than sukuk. The companies issuing new bonds should issue conventional bonds as they require same rate of return as sukuk and their value increases more over time. The main limitations of the research include the limited sample size, time constraint and geographic limitation.