TIDMFSF
RNS Number : 0751N
The Family Shariah Fund Ltd
10 February 2009
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| Immediate Release | 10 February 2009 |
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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 January 2009 - including income was US
$0.8870.
The movement in Net Asset Value between the last valuation and 31 January 2009
and the portfolio allocation as at 31 January 2009 is summarised below.
Furthermore, the Investment Manager will shortly publish its market and Islamic
finance market review which will be found on the Company's website at
www.familyshariahfund.com/news.
Period January 1 2009 (opening) - January 31 2009 (closing)
All figures
in US$
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| US$ | Opening | Closing |
+----------------------------+---------------+---------------+
| Net Asset Value |28,267,598.67 |27,984,054.75 |
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| NAV per Ordinary Share | 0.8960 | 0.8870 |
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The Investment Manager did not apply any strategic changes to the asset class
exposure in January, resulting in the following rounded asset allocation as at
31 January 2009:
* 70.9% in cash and cash like instruments
* 10.9% in Islamic income
* 11.9% in equities
* 6.3% in Private Equity
For further information, please contact:
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| The Family Office | Tel: +973 (17) 221177 |
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| Richard Joye, Head of Client Service | |
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| | |
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| Blomfield Corporate Finance | Tel: +44 (0)20 7489 4500 |
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| James Pinner / John Simpson / Alan | |
| MacKenzie | |
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| | |
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| Buchanan Communications | Tel: +44 (0)20 7466 5000 |
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| Bobby Morse / James Strong | |
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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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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