Offa joins Connect for Intermediaries panel
Shariah-compliant bridging provider Offa has joined the Connect Mortgages panel.
Connect for Intermediaries has added Offa to its panel of bridging lenders as an exclusive provider of Shariah-compliant short-term finance.
Connect specialises in buy-to-let (BTL), which includes servicing the expat, foreign national and Shariah-compliant markets.
Offa’s range of residential bridge, commercial bridge and repair-to-let finance products will be available to Muslim and non-Muslim clients.
Bilal Ahmed (pictured), founding partner of Offa Alternative Ethical Finance, said: “We are delighted to join the Connect Mortgages Panel, which will enable us to reach a wider broker audience with our range of Shariah-compliant, short-term finance products.
“There is growing demand for ethical finance from both Muslims and non-Muslims.
“Islamic finance works differently to conventional banking and is regarded as ethical by those who use it.
“There is a significant, untapped market of Muslim and non-Muslim investors looking for alternative, ethical finance that is consistent with Islamic principles.
“Brokers who can accommodate them will benefit from a strong new revenue channel with considerable long-term potential.
“While Offa accepts finance applications direct, the broker channel is integral to our proposition and we are keen to speak to intermediaries who want to add Shariah-compliant bridging finance to their propositions.”
Kevin Thomson, sales director of Connect Mortgages, added: “I am delighted to welcome Offa to our lender panel.
“Their addition extends our Shariah-compliant product offering, enabling our ARs to support the growing demand from customers requiring Shariah-compliant funding.”