Last checked at 11 Mar 2009 13:47
For immediate Release
11 March 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 28 February 2009 - including income was US $0.8759.
The Net Asset Value position as at 31 January 2009 and 28 February 2009 and the portfolio allocation as at 28 February 2009 is summarised below. Furthermore, the Investment Manager will shortly publish its market and Islamic finance market review which will be found on the Company's website at www.familyshariahfund.com/news.
Period January 31 2009 (opening) - February 28 2009 (closing) All figures in US$
| US$ | Opening | Closing |
| Net Asset Value | 27,984,055 | 27,635,215 |
| NAV per Ordinary Share | 0.8870 | 0.8759 |
The Investment Manager did not apply any strategic changes to the asset class exposure as at 28 February 2009, resulting in the following rounded asset allocation as at 28 February 2009:
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 | |
| Buchanan Communications | Tel: +44 (0)20 7466 5000 |
| 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.