Net Asset Value

RNS Number : 0716R

The Family Shariah Fund Ltd

23 April 2009

 



For immediate release                                                                    23 April 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 March 2009 - including income was US $0.8639.

The Net Asset Value position as at 28 February 2009 and 31 March 2009 and the portfolio allocation as at 31 March 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 February 28 2009 (opening) - March 31 2009 (closing) 

All figures in US$

US$	Opening	Closing
Net Asset Value	27,635,215	27,256,025.48
NAV per Ordinary Share	0.8759	0.8639

The Investment Manager did not apply any strategic changes to the asset class exposure in March, resulting in the following rounded asset allocation as at 31 March 2009:

• 72.1% in cash and cash like instruments

• 11.0% in Islamic income

• 12.3% in equities

• 4.6% in Private Equity

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

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

 

 

NAVCKNKPQBKDBQB