Offa, the Islamic property finance fintech, has appointed Naseer Ahmed as managing director of bridging & development finance.

Ahmed brings more than 20 years of experience within the banking and finance industry including key roles in bridge and development financing.  In his new role at Offa, he 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.”

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

The FCA 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 deal utilising a unique funding structure, including more than 350 home purchase plans.