Common use of Share Subscription Clause in Contracts

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 400 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 500 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 300 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 1,000 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 2,000 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").

Share Subscription. The Subscriber subscribes for and agrees to purchase from the Fund 250 2,500 shares of beneficial interest of the Fund's series, the Islamia Income Fund for a purchase price of $10.00 per share, on the terms and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as demand for payment may be made by an officer of the Fund. The Subscriber understands that the Fund filed a registration statement with the Securities and Exchange Commission on Form N-1A, which contains the Preliminary Prospectus describing the Fund and the shares. The Subscriber acknowledges receipt of a copy of the Preliminary Prospectus. The Subscriber recognizes that the Fund will not be fully operational until it commences public offering of its shares. Accordingly, a number of features of the Fund described in the Preliminary Prospectus, including, without limitation, the declaration and payment of dividends, and redemption of shares upon request of shareholders, are not, in fact, in existence at the present time and will not be instituted until the Fund's registration statement becomes effective under the Securities Act of 1933 (the "SECURITIES ACT").