Offa, the Islamic property finance fintech firm, has partnered with Knowledge Bank to increase the visibility of its Sharia-compliant property finance products among UK mortgage and property finance intermediaries.
The agreement will see Offa’s lending criteria, including its Home Purchase Plan and specialist bridging products, added to Knowledge Bank’s mortgage criteria search platform, which is widely used by brokers and intermediaries across the UK. As a result, the Home Purchase Plan, a Sharia‑compliant alternative to a residential mortgage, will now be visible on Knowledge Bank, with offers issued in as little as an hour depending on credit and risk.
Saalik Haleem, senior intermediary and product manager at Offa, said the partnership would make it easier for advisers to identify suitable Sharia-compliant finance options for clients. “This will also help drive greater awareness of our offering across the intermediary market and is an important first step in strengthening our visibility and footprint among intermediaries, which is a key strategic priority for us,” he said.
Julie Bourne, criteria and partnerships manager at Knowledge Bank, which claims to be the UK’s largest database of mortgage lending criteria, added: “We are pleased to welcome onboard Offa, the newest finance provider to join Knowledge Bank. From hearing about their proposition, we knew that brokers would benefit from learning about their criteria and where they can help place those cases offering different ways to finance investments regardless of whether you are a UK resident, living abroad or a UK based company.”
Founded in 2019, Offa is recognised as the UK’s first halal bridging finance provider and now offers a range of Sharia-compliant property finance products, including regulated Home Purchase Plans, buy-to-let finance, bridge lending and bridge-to-let products. Earlier this year, the Birmingham-based fintech launched a new Home Purchase Plan designed as a Sharia-compliant alternative to traditional residential mortgages.