Net Asset Value(s)

RNS Number : 4578R

The Family Shariah Fund Ltd

23 August 2010

 



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 July 2010 - including income was US $0.8797*.

The Net Asset Value position* as at 30 June 2010 and 31 July 2010 and the portfolio allocation as at 31 July 2010 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 30 June 2010 (opening) - 31 July 2010 (closing)

All figures in US$

US$	Opening	Closing
Net Asset Value *	27,206,517	27,755,613
NAV* per Ordinary Share	0.8623	0.8797

The investment manager did not deploy capital in July. The investment manager feels comfortable with the current allocation of the portfolio with a good balance of income oriented strategies (Islamic Income and Real Estate) and growth strategies (Equities & Private Equity).

Asset Allocation:

-     23.8 % in Cash and Cash like Instruments

-     28.1% in Equities

-     20.9% in Islamic income

-     15.0 % in Private Equity

-     12.2% in Real Estate

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]
Manoj Ranawat
Religare Capital Markets (Nomad and Broker)	Tel: [phone]
James Pinner / Derek Crowhurst / 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.

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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