Sharia-compliant property finance platform combines bridge and buy-to-let products

Innovative Financial Product Launch

Offa, the UK’s premier Islamic property finance fintech, has introduced a groundbreaking bridge-to-let finance service that merges its rapid bridge product with its modern, paperless buy-to-let (BTL) offering. As the first company to bring Sharia-compliant bridge finance to the UK market, Offa aims to revolutionize the traditionally slow and complex Islamic finance sector through flexible, faith-based property finance solutions and streamlined digital processes.

Speed and Efficiency Advantages

According to Sagheer Malik, Offa’s Group Chief Commercial Officer and MD of Retail Finance, speed represents the critical factor in real estate transactions. The ultra-quick bridge-to-let service allows both Muslim and non-Muslim clients to save substantial amounts of money while unlocking equity and building family wealth. The company now offers faith-based finance products that surpass competitors in both Islamic and conventional finance sectors.

Streamlined Process Benefits

Traditional separate acquisition of bridge and BTL finance can require many months, but Offa’s combined Sharia-compliant bridge-to-let service can provide financing within weeks rather than months, subject to credit rating and risk criteria. This enables aspiring landlords and experienced property investors to purchase and upgrade below-value properties while releasing equity.

Cost-Effective Structure

Customers benefit from avoiding double-application fees for bridge and BTL products, paying only a flat £495 bridge-to-let fee instead. Additionally, they save 0.5% on BTL arrangement fees. The bridge product offers no minimum term for enhanced flexibility, and buyers whose rental income is insufficient for BTL finance can supplement with personal monthly income through top-slicing arrangements.

Modern Technology Integration

Naseer Ahmed, Offa’s Managing Director of Bridge Finance, emphasized the company’s mission to modernize Islamic finance by combining decades of industry experience with cutting-edge technology. This approach eliminates the burdensome paperwork and cumbersome systems that customers traditionally endured in the past.

Islamic Finance Principles

Rather than utilizing interest, Offa’s BTL product employs Islamic finance principles of co-ownership-with-leasing. Customers acquire properties in partnership with Offa and make monthly payments to increase their ownership share, eventually achieving full ownership over time.

Service Accessibility and Recent Developments

The service is available to anyone purchasing property in England and Wales who is 18 or older, has a minimum annual income of £18,000, and is buying property valued at least £80,000. Offa recently acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio in a significant transaction and received FCA authorization to provide Islamic home purchase plans. The company secured £230 million in sharia-compliant funding for its BTL product, providing substantial capacity for UK property market expansion.

Ethical Finance Model

Offa operates according to an ethical finance model aligned with Islamic finance principles, which prohibits charging interest and investing in sectors considered harmful to society, including alcohol, tobacco, animal testing, gambling, and arms trade.

Original Article:

BeBeez. (2025, July 16). Islamic fintech Offa launches ultra-fast and easy bridge-to-let finance. BeBeez. https://bebeez.eu/2025/07/15/islamic-fintech-offa-launches-ultra-fast-and-easy-bridge-to-let-finance/