Last checked at 9 May 2012 15:39
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: +973 17221177 |
Manoj Ranawat | |
Religare Capital Markets (UK) Limited (Nomad and Broker) | Tel: +44 (0) 207 444 0542 |
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.