Offa Appoints New Managing Director Of Bridging & Development Finance

People Moves
26.03.2025 08:25 am

Offa, the UK's leading Islamic property finance fintech, has appointed Naseer Ahmed as Managing Director of Bridging & Development Finance after a series of recent new hires, as part of the company’s rapid growth strategy.

Naseer brings more than 20 years of experience within the banking and finance industry including key roles in bridge and development financing, with a strong track record of driving commercial growth and delivering successful outcomes for clients and stakeholders. In his new role at Offa, Naseer will focus on helping clients and brokers to achieve their funding requirements without compromising their faith or ethical beliefs.

Commenting on his appointment, Naseer said: “I am thrilled to be joining Offa at such an exciting time. This is a unique opportunity to contribute to a company that is redefining the finance industry through a commitment to ethical principles and innovative solutions."

Sultan Choudhury OBE, Executive Chairman at Offa, added: “I am delighted to welcome Naseer into our talented executive team, as we grow our business as part of our mission to modernise Islamic home finance in the UK.
“His deep industry knowledge and commitment to ethical finance align perfectly with Offa’s mission to become the market leader in this sector with a focus on improving customer outcomes.”

Offa announced six new members of staff as part of its expansion plans in December last year.

The Financial Conduct Authority has recently authorised Offa to provide home purchase plans, the Sharia-compliant alternative to conventional residential mortgages, for customers across the UK. The company also recently acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio in a landmark deal utilising a unique funding structure, including more than 350 home purchase plans.

Offa provides an ethical finance model designed in accordance with Islamic finance principles, which means not charging interest and investment into sectors deemed harmful to society – such as alcohol, tobacco, animal testing, and the arms trade.