Offa secures UK’s largest Islamic Finance bridge funding with £100 million credit line from GII | Offa
Summary
The UKs first Sharia-compliant bridge finance company Offa has today announced a \xa3100 million credit line from a fund managed by UAE-based Gulf Islamic Investments Group (GII). The niche business is primarily aimed at property investors from Britains 4 million strong Muslim community, who represent 6.5% of the UK population and seek finance that is compatible with their faith. 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. Its clients can now access a larger pool of ethical finance to develop their real estate property portfolios to meet changing market and consumer demands, supported by Offas highly experienced management team.