British Islamic fintech Offa has secured £6.5 million in working capital through an innovative sukuk and warrant structure, with the sukuk now listed on The International Stock Exchange in Guernsey. The property finance platform completed the raise to bolster its operational capacity in the growing Islamic finance sector.
The financing structure represents a significant development for Shariah-compliant financial technology in the UK market. By listing on TISE, Offa gains access to an established international exchange known for accommodating alternative investment vehicles. The sukuk structure, which complies with Islamic law prohibiting interest-bearing instruments, provides the company with growth capital while adhering to religious investment principles.
This move signals continued institutional interest in Islamic fintech solutions and alternative finance structures. The property finance sector has seen increased demand for Shariah-compliant products as Muslim populations grow in Western markets.
FXnCO Insight
Traders and fintech investors should monitor Islamic finance platforms as they increasingly access mainstream capital markets through creative structures that bridge traditional and faith-based investment requirements.
Source: Finextra