Last checked at 10 Nov 2009 09:20
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 October 2009 - including income was US $0.8826*.
The Net Asset Value position* as at 30 September 2009 and 31 October 2009 and the portfolio allocation as at 31 October 2009 is summarised below. Furthermore, the Investment Manager will shortly publish its market and Islamic finance market review which will be found on the Company's website at www.familyshariahfund.com/news.
Period 30 September 2009 (opening) - 31 October 2009 (closing) All figures in US$
| US$ | Opening | Closing |
| Net Asset Value * | 27,828,146 | 27,844,843 |
| NAV* per Ordinary Share | 0.8820 | 0.8826 |
The Investment Manager has not modified the asset allocation during the period. The portfolio resulted in the following rounded asset allocation as at 31 October 2009:
52.7 % in cash and cash like instruments
20 % in Equities
18.2 % in Islamic income
9.1 % 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 |
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| Blomfield Corporate Finance | Tel: +44 (0)20 7444 0800 |
| James Pinner / Alan MacKenzie |
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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.