Net Asset Value(s)

RNS Number : 0097Z

The Family Shariah Fund Ltd

14 September 2009

 



The Family Shari'ah Fund Limited 

('FSF' or the 'Company')

NET ASSET VALUE

The Directors  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 Family Shari'ah Fund Limited provided by the Fund Administrator - Apex Fund Services (Ireland) Limited as at 31 August 2009 - including income was US $0.8795*.

The Net Asset Value position* as at 31 July 2009 and 31 August 2009 and the portfolio allocation as at 31 August 2009 is summarised below. Furthermore, the Investment Manager will shortly  publish  its market and Islamic finance market review which will be found on the Company's website at www.familyshariahfund.com/news.

Period 31 July 2009 (opening) - 31 August 2009 (closing) 

All figures in US$

US$	Opening	Closing
Net Asset Value *	27,715,091	27,746,659
NAV* per Ordinary Share	0.8784	0.8795

The Investment Manager has not applied changes to the asset allocation over the period. As a result, the portfolio resulted in the following rounded asset allocation as at 31 August 2009:

• 67.7% in cash and cash like instruments

• 19.5% in Equities 

• 3.8%   in Islamic income

• 9%    in Private Equity*

Notes:

* All figures are unaudited. Also, as stated in the admission document, all private equity investments are only subject to 6 monthly 3rd party 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	Tel: [phone]
Richard Joye, Head of Client Service
Blomfield Corporate Finance	Tel: [phone]
James Pinner / Alan MacKenzie

This announcement should be read in conjunction with the Admission Document. Terms defined in the Admission Document have the same meaning when used in this announcement.

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.

 

END

 

 

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