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: [phone]
Manoj Ranawat
Religare Capital Markets (UK) Limited (Nomad and Broker)	Tel: [phone]
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.

 

END

 

 

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