3rd Quarter Results

RNS Number : 2891R

The Family Shariah Fund Ltd

01 November 2011

 



FOR IMMEDIATE RELEASE

Nov, 1 2011

THE FAMILY SHARI'AH FUND LIMITED

(the 'Company')

Quarterly Results

The Family Shari'ah Fund Limited, a multi-asset class fund providing investors with exposure to a variety of Shari'ah compliant investments predominantly outside of the GCC region, is pleased to announce its quarterly results for the quarter-ended 30 September 2011*.

The Company would also like to clarify the timing of future announcements for 2011 and 2012 as previously stated in the Company's Admission Document.  These quarterly results, the financial timetable and a monthly investment manager's report are also available on the Company's website (www.familyshariahfund.com).

Note

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

For further information, please contact: 

The Family Office (Investment Manager)	Tel: [phone]
Manoj Ranawat
Religare Capital Markets (Nominated Adviser and Broker)	Tel: [phone]
James Pinner / Derek Crowhurst

BALANCE SHEET AS AT SEP 30, 2011*
ASSETS					USD
Bank accounts					5,200,062
Cost of investment mutual funds					20,980,950
Cost of SUKUK Investment					2,182,804
App/(depr) Investment					(183,294)
SUKUK and other Receivable					135,053
Prepaid expenses					67,591
ASSETS TOTAL					28,383,166
LIABILITIES
Management fee payable					-
Expense payables					24,291
Directors and SSB fee payable					52,502
Due to the Investment Manager					7,289
LIABILITIES TOTAL					84,082
	NET ASSET VALUE				28,299,084
SHAREHOLDER CAPITAL
The Family Shari'ah Fund Class A USD Series 1					28,299,084
SHAREHOLDER CAPITAL TOTAL					28,299,084

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

PROFIT & LOSS STATEMENT FOR THE PERIOD JUL 1, 2011 TO SEP 30, 2011*
					USD
Realised gain/(loss)			Realised gain/(loss)		636,237
Unrealised gain/(loss)			Unrealised p/l settled		(1,641,299)
Other income			SUKUK Income		33,345
Other income			Yield and other Income		110,752
Dividend income			Dividends income		-
Other expenses			Investment expense		(73,258)
Other expenses			Administrative expenses		(110,351)
Investment management fee expense			Management fee		-
TOTAL					(1,044,574)

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

Asset Allocation as of Sep 30, 2011*
Assets Class	%	No. of investments	Market Value
Cash and Cash like Instruments	18.4%	1	5,200,062
Equities	27.3%	5	7,714,789
Islamic income	8.0%	1	2,267,772
Private Equity	19.1%	19	5,388,672
Alternative Investment	3.6%	1	1,008,671
Real Estate	23.6%	14	6,665,700

Top 5 Positions by Market value as of Sep 30, 2011*
Security	CCY	Quantity	Market Price	Market Value
iShares MSCI Emerging Market Islamic	USD	162,000	17.41	2,820,420
GE Capital Ltd Sukuk -  3.78% 26/11/2014	USD	2,175,000	1.0427	2,267,772
Allianz RCM Islamic Global Equity Opportunities Fund	USD	1781.1840	795.13	1,416,273
BNP Paribas Islamic Fund - Equity Optimiser	USD	10.8750	125,721	1,367,216
TFO Shari'ah SPD Fund	USD	1000.0000	1008,6711	1,008,671

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

Financial Timetable for 2010 and 2011 announcements

Date	Event	Due to be announced by *	For 2011	For 2012
31 January	NAV	20 business days	Announced	28-Feb-2012
28/29 February	NAV	20 business days	Announced	28-Mar-2012
31 March	NAV	20 business days	Announced	30-Apr-2012
31 March	Quarterly Financial information	30 days	Announced	30-Apr-2012
30 April	NAV	20 business days	Announced	30-May-2012
31 May	NAV	20 business days	Announced	28-Jun-2012
30 June	NAV	20 business days	Announced	27-Jul-2012
30 June	Half Year results **	3 months	Announced	28-Sep-2012
31 July	NAV	20 business days	Announced	29-Aug-2012
31 August	NAV	20 business days	Announced	28-Sep-2012
30 September	NAV	20 business days	Announced	26-Oct-2012
30 September	Quarterly Financial information	30 days	Announced	30-Oct-2012
31 October	NAV	20 business days	28-Nov-2011	28-Nov-2012
30 November	NAV	20 business days	30-Dec-2011	3-Jan-2013
31 December	NAV	20 business days	28-Jan-2012	29-Jan-2013
31 December	Full Year results ***	6 Months	29-Apr-2012	30-Apr-2013

* As stated in Admission Document

** Although this is a fiscal quarter, limited quarterly financial information will not be disclosed as fuller half-year information will be produced

*** Although this is a fiscal quarter, limited quarterly financial information will not be disclosed as audited full-year information will be produced

Notes to Editors

The Family Shari'ah Fund Limited is the first multi-asset class fund to gain admission to AIM and provides investors with exposure to a variety of Shari'ah Compliant investments predominantly outside of the GCC region.

The Company's investing policy, as defined by the AIM Rules, is available on the Company's website at www.familyshariahfund.com/investing_policy.html.

 

END

 

 

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