13 Oct 2008 11:12
| For Immediate Release | 13 October 2008 |
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 30 September 2008 including income was US $0.9536.
The movement in Net Asset Value between the last valuation and 30 September 2008 and the portfolio allocation as at 30 September 2008 is summarised below. Furthermore, the Investment Manager has published a market and Islamic finance market review which can be found on the Company's website at www.familyshariahfund.com/news.
Period August 31 2008 (opening) - September 30 2008 (closing) All figures in US$
| US$ | Opening | Closing |
| Net Asset Value | 31,176,675.72 | 30,087,524.21 |
| NAV per Ordinary Share | 0.9882 | 0.9536 |
The Investment Manager deployed more capital over the period into equities worldwide in order to increase FSF's exposure to this asset class.
The Investment Manager invested equally into 4 Private Equity co-investments:
A large US energy company;
A UK based pharmaceutical retailer;
A US based medical equipment company;
A global R&D and mobile technology development company.
No capital has been deployed into alternative investments or real estate and there has been no change within Islamic income, resulting in the following rounded asset allocation as at 30 September 2008:
For further information, please contact:
| The Family Office | Tel: +973 (17) 221177 |
| Richard Joye, Projects Manager | |
| Blomfield Corporate Finance | Tel: +44 (0)20 7489 4500 |
| James Pinner / John Simpson / 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.
Foresight Sust (FSF)