We present a systematic study of the magnetic properties of L1 binary alloys FeNi, CoNi, MnAl and MnGa via two different density functional theory approaches. Our calculations show large magnetocrystalline anisotropies in the order or higher for CoNi, MnAl and MnGa while FeNi shows a somewhat lower value in the range . Saturation magnetization values of , , and are obtained for FeNi, CoNi, MnAl and MnGa respectively. Curie temperatures are evaluated via Monte Carlo simulations and show and for FeNi and CoNi respectively. For Mn-based compounds Mn-rich off-stoichiometric compositions are found to be important for the stability of a ferro or ferrimagnetic ground state with greater than . The effect of substitutional disorder is studied and found to decrease both magnetocrystalline anisotropies and Curie temperatures in FeNi and CoNi.

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