Net Asset Value(s)

RNS Number : 0097Z
The Family Shariah Fund Ltd
14 September 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 August 2009 - including income was US $0.8795*.

The Net Asset Value position* as at 31 July 200and 31 August 2009 and the portfolio allocation as at 31 August 200is 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 31 July 2009 (opening) - 31 August 2009 (closing) 

All figures in US$


US$

Opening

Closing

Net Asset Value *

27,715,091

27,746,659

NAV* per Ordinary Share 

0.8784

0.8795



The Investment Manager has not applied changes to the asset allocation over the period. As a result, the portfolio resulted in the following rounded asset allocation as at 31 August 2009:



  • 67.7% in cash and cash like instruments

  • 19.5in Equities 

  • 3.8  in Islamic income

  • 9%    in Private Equity*


Notes:

* All figures are unaudited. Also, as stated in the admission document, all private equity investments are only subject to 6 monthly 3rd party 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: +973 (17) 221177

Richard Joye, Head of Client Service 




Blomfield Corporate Finance

Tel: +44 (0)20 7489 4500

James Pinner / Alan MacKenzie





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.



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