Islamic real estate fintech Fintech Offa has appointed Naseer Ahmed as managing director of Bridge & Development Finance.
Ahmed brings over 20 years of experience in the banking and financial industries, including a key role in bridges and development financing. In the new role of OFFA, he will focus on helping clients and brokers meet their funding requirements without undermining beliefs or moral beliefs.
Commenting on his appointment, Naseer said: “I am very excited to be joining Offa at such an exciting time. It is a unique opportunity to redefine companies in the financial industry through a commitment to ethical principles and innovative solutions.”
OFFA announced six new members last December as part of its expansion plan.
FCA recently authorized OFFA to offer home purchase plans for clients throughout the UK, an alternative to Islamic-compliant residential mortgages.
The company also recently acquired the Bank of Ireland’s Alburaq Sharia-compatible housing finance portfolio, which utilizes a unique capital structure that includes more than 350 home purchase plans.
