NET ASSET VALUE

RNS Number : 8852H

The Family Shariah Fund Ltd

11 November 2008

 



Immediate Release

11 November 2008

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 October 2008 including income was US $0.9063.

The movement in Net Asset Value between the last valuation and 31 October 2008 and the portfolio allocation as at 31 October 2008 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 September 2008 (opening) -31 October 2008 (closing) 

All figures in US$

US$	Opening	Closing
Net Asset Value	30,087,524.21	28,594,348.06
NAV per Ordinary Share	0.9536	0.9063

The Investment Manager reduced the equity allocation over the period, to the benefit of the Islamic income asset class. No further capital has been deployed into alternative investments, private equity or real estate, resulting in the following rounded asset allocation as at 31 October 2008:

• 64% in cash and cash like instruments

• 14% in Islamic income

• 16% in equities

• 6% in Private Equity

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

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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