25 July 2008
The London Stock Exchange is delighted to welcome The Family Shari’ah Fund Limited to AIM.
The Family Shari’ah Fund Limited is the first Shari’ah complaint multi-asset class fund to gain admission to AIM and will provide investors with exposure to a variety of Shari’ah compliant investments predominantly outside of the GCC region.
The successful US$31.55 million Placing was completed by The Family Office Company B.S.C. (Closed) and Blomfield Corporate Finance Limited who attracted investment from a number of wealthy individuals, families and institutional investors from across the Middle East and Europe.
The new multi-asset class fund will be managed by The Family Office Company B.S.C. (Closed) the multi-family office based in Bahrain who have a track record of managing and advising on a number of investments and specific mandates from GCC-based high net worth families and individuals. The objective of the Family Shari’ah Fund Limited is to generating stable long-term capital appreciation across a market cycle through a diversified pool of investments, which are in strict accordance with Shari’ah principles (as determined by the Company’s Shari’ah Supervisory Board).
Abdulmohsin Al Omran, CEO of The Family Office and investment manager of The Family Shari’ah Fund, commenting on the AIM quotation said:
“The quotation on AIM which will make The Family Shari’ah Fund Limited the first Shari’ah compliant multi-asset class fund to gain admission to AIM will allow investors to participate in the rapidly growing market of Islamic finance. The Family Shari’ah Fund will provide investors with an opportunity to invest in multiple asset classes in accordance with Shari’ah laws.”