Offa

Name

Offa

Legal name

Offa Money Limited

Website

https://offa.co.uk

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Islamic / Sharia-Compliant Property Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Savings Institutions, Not Federally Chartered (6036), Asset-Backed Securities (6189)

akta.pro industry

PRIMARYFSABAGAH

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

SECONDARYFSABAGAB

Islamic SME & Commercial Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Islamic home finance
• Sharia-compliant mortgage
• Property bridging finance
• Buy-to-let financing
• Home purchase plans

Headquarters

HQ city

Solihull

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Arrangement Fees: Charged upon successful completion of a finance transaction. Arrangement fees are a primary revenue stream for facilitating Islamic property finance products.
2. Product Fees: Fees charged for product structuring and service delivery. Typically around 1% of facility amount with a minimum threshold of £999.
3. Monthly Rental Payments: Recurring rental income derived from the company's ownership share in financed properties. Customers pay monthly rent on Offa's portion of property ownership under Sharia principles.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Offa provides Sharia-compliant (halal) property finance products for UK consumers and expats, structured around Islamic co-ownership and lease principles instead of interest-based lending. Its core suite includes the Home Purchase Plan (FCA-authorised equivalent of a conventional mortgage), Buy-to-Let Finance, Residential and Commercial Bridge Financing, Refurbishment and Development Bridge products, and a combined Bridge-to-Let product. All products are 100% Sharia-compliant, certified by Amanah Advisors, and distributed through intermediary platforms (Iress XPM, Trigold), mortgage clubs, solicitor panels, and Offa's own online application portal.

Product overview

Offa is an Islamic property finance fintech offering a portfolio of Sharia-compliant financial products structured around co-ownership with leasing principles. The core product suite includes the Home Purchase Plan (FCA-authorised) for residential purchases, Buy-to-Let Finance for property investors, Bridge Financing products (Residential, Commercial, Light Refurbishment, Heavy Refurbishment, and Development), and Bridge-to-Let for seamless transition between short-term and long-term finance. Additional modules cover Portfolio BTL for multi-property landlords, Corporate BTL for limited companies and LLPs, and Expat BTL for UK nationals abroad. Key features include Family Assist (allowing family contribution to affordability) and Gifted Equity (enabling below-market purchases from family members). All products are certified Sharia-compliant by Amanah Advisors and use the Commodity Murabaha Islamic finance structure. The company serves UK residents, expats, and corporate entities across England and Wales.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Plan (HPP) Sharia-compliant co-ownership home finance product where customers purchase property in partnership with Offa, making monthly payments that increase their ownership share while paying rent on Offa's portion. FCA-authorised (FRN 1000573) for UK residents and expats, with finance from £100,000 to £5,000,000 and up to 75% gross FTV.
• Buy-to-Let Finance (BTLPP) Islamic Buy-to-Let Purchase Plan enabling property investors to purchase rental properties through a Sharia-compliant structure with 'Acquisition and Rent' or 'Rent Only' options. Available for UK residents, expats, and limited companies.
• Residential Bridge Financing Short-term Sharia-compliant bridge finance for residential property purchases, including HMOs and multi-unit freehold blocks. Offers from 1% monthly profit rate, £100k–£5m finance, up to 75% Gross FTV, and 1–24 month terms.
• Commercial Bridge Financing Short-term bridge finance for commercial properties on a first charge basis, designed for quick capital access while arranging long-term refinancing or property sale.
• Light Refurbishment Bridge Short-term bridge finance for property refurbishment not requiring planning permission or structural changes. Up to 75% FTV for residential and 65% for commercial, with 1–18 month terms.
• Heavy Refurbishment and Development Bridge Financing Development funding for land with planning permission requiring significant construction work, and bridge finance for purchasing land or property with existing planning permission. Finance from £100k to £10m, up to 75% of GDV or 85% Finance to Cost.
• Bridge-to-Let Combined bridge-to-buy-to-let financing product allowing customers to secure property with short-term bridge finance and seamlessly transition to Buy-to-Let finance upon meeting criteria, with combined benefits including top-slicing for rental income shortfalls. Application fee £495 and 2% arrangement fees apply.

Quantifiable outcome

• Fast decision timelines for property finance applications
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and major.

• IresscoreTechnology or IntegrationTechnology partnership making Offa's halal home finance products available on Iress XPM and Trigold sourcing platforms. This integration provides UK mortgage brokers and financial advisors with direct access to Offa's Islamic finance products through established intermediary technology systems.
• Amanah AdvisorscoreOthersSharia compliance certification provider. Amanah Advisors, led by Mufti Faraz Adam, provides religious certification that Offa's products are halal and compliant with Islamic finance principles. This certification is fundamental to Offa's value proposition and market positioning.
• Bank of IrelandmajorStrategic or Co-development PartnerOffa acquired Bank of Ireland's Alburaq Islamic home finance portfolio, taking over more than 350 existing Home Purchase Plan customer relationships. This acquisition significantly expanded Offa's customer base and portfolio scale in the UK Islamic finance market.

Scale indicators3 records

Recent moves5 records

Expansion highlights7 records

Broad incumbents

• HSBC UK (HSBC Amanah): Mainstream UK bank with an Islamic banking window (HSBC Amanah) offering Sharia-compliant home finance to UK Muslims. A scaled incumbent that could materially intensify competition if it expands its Islamic product range.
• Fleet Mortgages: UK specialist mortgage lender focused on BTL and portfolio landlord finance distributed via intermediaries. Comparable intermediary-led distribution and specialist property credit underwriting.
• Together Money: UK specialist lender offering bridging, BTL, and development finance via brokers. Comparable short-term property finance product suite distributed through mortgage clubs and networks.
• United Trust Bank: UK specialist bank offering bridging finance, BTL mortgages, and development finance through intermediary channels. Comparable product set (bridge, BTL, development) and broker-led distribution as Offa.
• Shawbrook Bank: UK specialist challenger bank focused on property finance including bridging, BTL, and specialist mortgages. Comparable digital-first specialist lending model, though operating in conventional (interest-bearing) finance rather than Sharia-compliant.

Direct peers

• QIB (UK): UK subsidiary of Qatar Islamic Bank providing Sharia-compliant property finance for UK residents and expats. Competes head-to-head with Offa on HPP and BTL products targeting Gulf-linked buyers.
• Al Rayan Bank: UK's oldest and largest Islamic bank offering Sharia-compliant home purchase plans, buy-to-let, and savings products. A scaled incumbent in the same niche Offa targets, with FCA-authorised HPP products.
• Gatehouse Bank: UK-based Sharia-compliant bank offering residential and buy-to-let property finance through Home Purchase Plans. Closest direct UK competitor to Offa's core HPP proposition with overlapping customer segments.
• Bank of London and the Middle East (BLME): UK-based Sharia-compliant bank offering property finance and wealth management to UK Muslim clients. Directly comparable Sharia-compliant home and commercial property financing proposition.
• Abu Dhabi Islamic Bank (UK): UK branch of ADIB offering Sharia-compliant property finance to UK residents and overseas investors. Comparable HPP-style product and expat focus as Offa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries13 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Offa