Offa, a UK fintech firm specializing in Sharia-compliant finance, has introduced a buy-to-let (BTL) finance service targeted at expats and new landlords. This service uses a co-ownership-with-leasing model instead of interest, adhering to Islamic finance principles.
It offers funding for properties in England and Wales valued between £60,000 and £1 million, allowing applicants to use personal income for affordability when rental income is insufficient. This launch follows Offa securing a £100 million credit line from Gulf Islamic Investments Group, enhancing their capacity to support the UK property market.
