Offa secures new £100m credit line

▤ Summary

Sharia-compliant bridge finance firm Offa has announced a \xa3100m credit line from a fund managed by UAE-based Gulf Islamic Investments Group (GII). The credit line is the largest of its kind outside of the Gulf, creating significant capacity for Offa to expand its bridging propositions in the UK property market. Its the single largest credit line to a British Islamic Finance House, underscoring GIIs confidence in the UK bridging market. The UK has long been a focus for GIIs asset management plans, providing strong profit margins in a well-regulated and growing market. Offa represents an attractive home for GIIs managed assets, in a partnership strengthened by our shared experience of Sharia-compliant ethical business.

▦ Linked Companies