Gulf Islamic Investments acquires majority stake in OFFA UK’s first Shariah-compliant bridge financing company

Gulf Islamic Investments acquires majority stake in OFFA UK’s first Shariah-compliant bridge financing company

Dubai, United Arab Emirates: Gulf Islamic Investments, a leading Shariah compliant global investment company based in the United Arab Emirates, with assets under management in the sectors of real estate, private equity and venture capital, announces a majority investment in OFFA, the UK’s first Shariah-compliant bridge financing provider for the real estate market.

The investment will further expand OFFA’s real estate financing proposition through the development of short-term and longer-term real estate financing products.

Pankaj Gupta, Co-CEO of Gulf Islamic Investments, said: “OFFA is a highly attractive bridge-financing house that benefits from strong net profit margins and operates in a rapidly growing market that is currently worth 5.1 billion GBP[1].

“The company is based in the Birmingham area of England, which has the largest Muslim population in the UK, and is the only Shariah-compliant bridge financer in the UK. The value of bridge financing in the UK grew 8.5% in the first three months of 2022[2], and we believe the combination of property prices, demographics and OFFA’s unique market position makes this a compelling investment opportunity.”

Mohamed Al Hassan, Co-CEO of Gulf Islamic Investments, said: “This key investment in a high potential market reflects our commitment to identifying attractive opportunities across the globe. Further