Offa raises £6.5M sukuk to scale Islamic property finance
What's the deal? OffaDealroom has a profile for this one. Try Dealroom →, a UK Islamic property finance fintech, has completed a £6.5m working capital raise through a sukuk and warrant structure.
The sukuk is listed on The International Stock Exchange in Guernsey and drew investors from the UK and the Gulf Cooperation Council (GCC).
Proceeds will fund technology, operations, customer experience, and brand expansion as Offa grows its national presence.
Why now? The raise follows a period of expansion for the Sharia-compliant provider, including the launch of its regulated Home Purchase Plans in early 2026.
Offa has also moved to new headquarters in Solihull and grown its workforce.
Executive chairman Sultan ChoudhuryDealroom has a profile for this one. Try Dealroom → called the raise "an important vote of confidence in Offa, our team and the opportunity ahead."
The signal: Offa's use of a sukuk and warrant structure listed on The International Stock Exchange in Guernsey is an unusual funding route for an early-stage fintech, giving the company a Sharia-compliant path to working capital that mirrors the ethical property finance principles at the heart of its proposition. With backing from majority shareholder GIIDealroom has a profile for this one. Try Dealroom → and interest across both the UK and the GCC, the raise underscores how Islamic finance products are increasingly bridging British and Gulf capital markets.
Read more: The Intermediary
Image credit: ell brown
