Net Asset Value(s)

THE FAMILY SHARI'AH FUND LIMITED
                                 (the "Company")


The  directors of The Family Shari'ah Fund Limited today announce that the
estimated Net Asset Value per ordinary share of US $0.01 each ("Ordinary Share")
based on the estimated value of the Company provided by the Fund Administrator,
Apex Fund Services (Ireland) Limited, as at 31 July 2008 including income was
US $0.9994.  The number of Ordinary Shares in issue as at 31 July 2008 and as at
the date of this announcement is 31,550,000.


For further information, please contact:

The Family Office                                 Tel:  [phone]
Richard Joye, Projects Manager

Blomfield Corporate Finance                       Tel:  [phone]
James Pinner / John Simpson / Alan MacKenzie

Buchanan Communications                           Tel:  [phone]
Bobby Morse / James Strong



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