Net Asset Value(s)

RNS Number : 8579Z

The Family Shariah Fund Ltd

22 March 2012

 



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 Company provided by the Fund Administrator - Apex Fund Services (Ireland) Limited as at 29 Feb 2012 - including income was US $0.9278*.

The Net Asset Value position* as at 31 Jan 2012 and 29 Feb 2012 and the portfolio allocation as at 29 Feb 2012 is summarised below

Period 31 Jan 2012 (opening) - 29 Feb 2012 (closing)

All figures in US$

US$	Opening	Closing
Net Asset Value *	28,951,449	29,273,618
NAV* per Ordinary Share	0.9176	0.9278

FSF was up 1.1% for the month of February. The majority of the gains came from the equity asset class. No trades were done during the month. Macroeconomic data coming from the US continued to surprise on the upside especially with regards to an improvement in the employment figures and European Central Bank provided the second tranche of the Long Term Refinancing Option to support European banks. This translated into a performance of 3.70% for the MSCI World Islamic Index.

Asset Allocation at end of February 2012 is:

Cash 20.5%

Islamic Income 18.4%

Equities 16.5%

Alternatives 3.5%

Private Equity 18.5%

Real Estate 22.6%

Notes:

* All figures are unaudited. Also, as stated in the Admission Document, all private equity investments are subject to 6 monthly 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 (UK) Limited) (Nomad and Broker)	Tel: [phone]
Richard Thompson, David Porter

 

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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