First Day of Dealings on AIM for Shariah Compliant Multi-asset Class Fund
The Family Shariah Fund Limited, a multi-asset class fund providing investors with exposure to a variety of Shariah compliant investments predominantly outside of the GCC region, has commenced trading on AIM. The new multi-asset class fund managed by The Family Office Company, a multi-family office based in Bahrain, will trade under the TIDM: FSF, following a successful placing of 31,549,999 ordinary shares at a placing price of US$1. The company will seek to provide investors with a diversified pool of Shariah compliant assets, geographic diversification (predominantly outside the GCC), liquidity through trading of the company’s shares on AIM and a stable return profile across a market cycle. The company’s investments will be managed by The Family Office with the objective of generating stable long-term capital appreciation across a market cycle through a diversified pool of investments, in strict accordance with Shariah principles (as determined by the company’s Shariah Supervisory Board). The company was advised by Blomfield Corporate Finance in London.