Quarterly Results

RNS Number : 0082D
The Family Shariah Fund Ltd
09 May 2012
 



FOR IMMEDIATE RELEASE 

May, 09 2012

 

 

 

THE FAMILY SHARI'AH FUND LIMITED

(the 'Company')

 

Quarterly Results

 

The Family Shari'ah Fund Limited, a multi-asset class fund providing investors with exposure to a variety of Shari'ah compliant investments predominantly outside of the GCC region, is pleased to announce its quarterly results for the quarter-ended 31 Mar 2012*.

 

These quarterly results and monthly investment manager's report are also available on the Company's website (www.familyshariahfund.com).

 

 

Note

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to 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 (Investment Manager)

Tel: +973 17221177

Manoj Ranawat






Religare Capital Markets (UK) Limited (Nomad and Broker)

Tel: +44 (0) 207 444 0542

Richard Thompson, David Porter 




 

 

BALANCE SHEET AS AT MAR 31, 2012*

ASSETS




USD



Bank accounts



                  7,038,502



Cost of investment mutual funds



                  16,543,914



Cost of SUKUK Investment



                    5,226,904



App/(depr) Investment



318,986



SUKUK and other Receivable



189,305



Prepaid expenses



26,116

















ASSETS TOTAL




29,343,727



LIABILITIES







Management fee payable



109,004



Expense payables



51,270



Directors and SSB fee payable



63,381



Due to the Investment Manager



883











LIABILITIES TOTAL




224,538












NET ASSET VALUE




29,119,189



SHAREHOLDER CAPITAL







The Family Shari'ah Fund Class A USD Series 1



29,119,189











SHAREHOLDER CAPITAL TOTAL




29,119,189



























 

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

 

 

 

 

 

 

 

 

 

 

PROFIT & LOSS STATEMENT FOR THE PERIOD JAN 1, 2012 TO MAR 31, 2012*



















USD















Realised gain/(loss)


Realised gain/(loss)


-

Unrealised gain/(loss)


Unrealised p/l settled


28,616

Other income


SUKUK Income


69,040

Other income


Yield and other Income


170,005

Dividend income


Dividends income


1,847













Other expenses


Investment expense


-

Other expenses


Administrative expenses


(102,915)













Investment management fee expense


Management fee


(109,004)














TOTAL





57,589

 

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

Asset Allocation as of Mar 31, 2012*












Assets Class

%

No. of investments

Market Value





Cash and Cash like Instruments

24.1%

1

7,038,502

Equities

16.6%

4

4,837,990

Islamic income

18.6%

2

5,423,914

Private Equity

18.4%

23

5,369,849

Real Estate

22.3%

17

6,505,518





 

 

Top 5 Positions by Market value as of Mar 31, 2012*















Security

CCY

Quantity

Market Price

Market Value






Dubai DOF Sukuk Ltd 6.396% - 03/11/2014

USD

3,000,000

1.0555

3,166,453

GE Capital Ltd Sukuk -  3.78% 26/11/2014

USD

2,175,000

1.0379

2,257,461

BNP Paribas Islamic Fund - Equity Optimiser

USD

10.8750

144,973

1,576,581

Comgest Growth Europe Shari'ah Fund

EUR

103,637.2950

11.30

1,171,101

Comgest Growth Emerging Markets Shari'ah

USD

100,200.4010

8.63

864,729






 

 

*All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to revaluations and therefore the net asset value as stated herein may differ from the actual position as at the dates reported.

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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