Offa, a UK-based Islamic property finance FinTech, has secured £6.5m in new working capital through a sukuk and warrant structure to support its continued expansion across the UK housing finance market.
The sukuk, listed on The International Stock Exchange (TISE) in Guernsey, attracted investors from both the UK and the GCC, reflecting confidence in Offa’s growth strategy, business model and long-term direction. The structure is compliant with Sharia principles, which prohibit interest-based lending and instead rely on asset-backed financing arrangements.
The capital will be used to support the company’s next phase of expansion, with investment directed towards technology development, operational scaling, customer experience improvements and wider brand growth as Offa continues to expand its national footprint.
The raise follows a period of strong operational momentum for the business. Since launching its regulated Home Purchase Plans in early 2026, Offa has expanded its presence in the UK market, relocated to new headquarters in Solihull, doubled its workforce and reinforced its position in the Sharia-compliant property finance sector.
The transaction represents another milestone in Offa’s strategy to build a modern, technology-led Islamic finance platform offering alternative property finance solutions across the UK.
Offa executive chairman Sultan Choudhury OBE said, “This raise is an important vote of confidence in Offa, our team and the opportunity ahead. To attract support from investors across the UK and the GCC through an innovative structure is a strong endorsement of our progress, our business and our ambition.”
GII group chief financial officer and Offa board member Utpal Shah commented, “We are delighted to welcome investors in this sukuk, who bring additional value to Offa’s journey. The company is building real momentum in Islamic finance, and we are excited to see Offa continue to scale, demonstrating the strong execution and innovation that creates long-term value for all shareholders”.
AMS Group spokesperson Ebrahim Sidat also added, “We are delighted to have supported Offa on this transaction. The successful execution of a structure of this nature reflects both the quality of the business and the confidence it continues to inspire in the market.”
Offa operates in the UK Islamic property finance market, providing Sharia-compliant products including home purchase plans, bridge-to-let finance and residential property finance solutions structured in accordance with Islamic financial principles.
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