Complying with Islamic Finance Principles, Offa Launches Buy-to-Let Offering

Offa, a Sharia-compliant fintech, has introduced a paperless buy-to-let finance service in line with Islamic finance principles, which prohibit interest charges and investments in harmful sectors. Offering an alternative based on co-ownership and leasing, the company aims to modernize and simplify Islamic finance for property investors, including British expats and residents, via digital processes. Offa's service caters to properties valued between £60,000 and £1 million in England and Wales, also accommodating first-time landlords and multiple occupancy homes. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: The Fintech Times