Buy your home. Interest-free.
WHERE FAITH MEETS FINANCE
Why choose the Offa Home Purchase Plan?
We built the Home Purchase Plan to remove the barriers that make halal home ownership difficult. With Offa, you’re a partner — not a borrower.
Family Assist
Your family members can assist with affordability.
Ultra-fast decisions
You may receive a same-day decision. If eligible, you could get an answer and potentially an offer the same day.
Only 5% deposit required
Low entry point, fair terms, no interest – ever.
100% Sharia-compliant
Endorsed by qualified scholars. Reviewed and certified transparently.
Up to 7x income accepted
Get more purchasing power with our generous, modern affordability approach.
Peace of mind
Rest assured that Offa’s HPP is fully regulated by the FCA.
Gifted Equity accepted
Buy a property below market value from family members and use the full value for finance — no deposit needed.
Find out more
Discover our family-friendly Home Purchase Plan.
Explore the benefits of our Home Purchase Plan
Sagheer Malik, Offa’s CCO & MD of Home Finance, reveals how you can make your dream of home finance a reality with Offa.
Sagheer Malik
Sultan Choudhury OBE
Your path to home ownership
Most people buy a home using a mortgage, which charges interest — something that isn’t permissible in Islamic Finance.
Offa’s Home Purchase Plan is a Sharia-compliant alternative. You buy your home in partnership with Offa and increase your share through monthly payments, until you own the property outright.
Each payment includes:
- A portion to increase your ownership
- A rental element for Offa’s share
Watch our video where Sultan Choudhury OBE, Executive Chairman at Offa, explains more about how it works
Faithful Finance
Faithful Finance
Offa’s financial products are 100% Sharia compliant, and that includes our Home Purchase Plan.
The Sharia-compliance of our financial products is certified by Amanah Advisors, led by the highly respected scholar Mufti Faraz Adam.
This ensures that our Home Purchase Plan complies 100% with Islamic finance ethical standards, meaning that no interest is charged and there is no investment in industries deemed harmful to society such as the arms trade, animal testing, gambling, alcohol or tobacco.
Watch our video where Mufti Faraz Adam discusses this further.
You can download all of our Sharia-compliance certificates here.
We know what you’ve been through.
Getting halal home finance shouldn’t feel complicated or slow. We’ve listened to homebuyers like you — frustrated with waiting weeks for offers, confused by hidden terms, or unsure if a provider is truly Sharia-compliant.
Offa changes that – with ultra-fast decisions and minimal paperwork
See if you qualify — in just a few minutes.
You might be eligible for an ultra-fast decision with Offa’s Home Purchase Plan if you meet a few simple criteria.
Check your eligibility:
- Minimum age 18
- Minimum 5% deposit
- Available for UK residents and British expats
- Minimum property value £80,000
- Minimum finance £60,000
FAQS
What else do I need to
know?
Before starting the application, familiarize yourself with key points. This section clarifies terms and steps for all investors.
No, we do not offer right to buy.
Yes, our portal gives intermediaries access – allowing them to submit business and
track cases. If you require help, please email us at brokerteam@offa.co.uk
We only offer finance for properties in England and Wales.
Please see our intermediaries page or contact us by email: brokerteam@offa.co.uk
Please contact us via email brokerteam@offa.co.uk or visit our intermediary section.
We are a finance house, fully regulated by the Financial Conduct Authority, providing
a wide range of Islamic finance products, but we are not a bank and do not offer
savings accounts.
Yes, we cater for British ex-pats purchasing or refinancing properties in England and
Wales. Please contact us for more information.
No, they are available to everyone and many non-Muslims are attracted by our
ethical finance products.
Please contact Offa with specific details of your proposed changes before
proceeding.
Visit our documents page to find out
With Offa, one solicitor represents both your interests and Offa’s for conveyancing.
We have several solicitors on our panel and you can choose whichever one you
prefer.
All of our products are Sharia-compliant, certified by Amanah Advisors led by Mufti
Faraz Adam.
Yes, we can provide you with a decision in principle. Enquire now
Sharia does not allow clauses in two contracts which make them interdependent on
each other, with a complicated outcome that is not Sharia-compliant. However, Offa’s
finance is based instead on two independent contracts, providing a straightforward
outcome for both parties.
Historically, Islamic finance has had a reputation of high pricing due to the available
funding options. This has now changed, and industry rates are even competing with
the conventional space. At Offa we are continually monitoring and reviewing our
rates to give customers the most competitive pricing we can provide.
Yes. Under the co-ownership agreement you have the right to ask Offa to transfer
the property either to yourself or a third party. You will be required to pay the
remaining balance to Offa under the agreement. If you are selling the property to a
third party, you must ensure that the selling price is sufficient to pay Offa the
remainder of the balance. The property will not be transferred unless all sums are
paid in full.
A rent-only product is a Sharia-compliant alternative to a conventional interest-only
mortgage where you only pay rent without acquiring a share of the property.
A rent plus acquisition product is a Sharia-compliant alternative to a conventional
repayment (capital & interest) mortgage where you also acquire a share of the
property.
Our Early Buyout Charges depend on the type of product. These have been
approved as Sharia-compliant by Amanah Advisors.
Our funding is a mixture of Sharia-compliant funds from our shareholders Gulf
Islamic Investments along with tier 1 institutions.
Offa, together with other Islamic finance providers, advertises rates for products so
that customers can compare the rates and charges to those of conventional banks. A
percentage simply means a proportion, so this is not an interest rate. Rather, it is a
rental rate.
It is important to understand that Sharia does not prohibit the use of benchmarking
as long as it is a commonly recognised and easily accessible benchmark. A
benchmark is an important tool in Islamic finance. Providers must ensure that their
products, and the prices that are charged, avoid uncertainty for the customer and are
consistent with the prices of the local market.
No. Since the property is purchased in partnership (customer and Offa) there is no
lending or borrowing involved. Instead of repaying a loan, you pay rent on the share
of the property that you do not own, so there is no interest involved and it remains
Sharia compliant.
The big difference is that there is no interest (riba). When you buy a property with a
conventional mortgage, a bank typically lends you the money and then charges
interest on that loan.
Offa’s Home Purchase Plan allows customers to buy a property following Islamic
finance ethical principles, where charging or paying interest is forbidden. Instead of
using interest, our HPP involves the Islamic finance principles of co-ownership-with-
leasing. The customer acquires the property in partnership with us and makes
monthly payments to increase their share, paying rent on the portion they do not yet
own.
At the end of the agreement, the customer owns the property outright, without ever
paying interest.
Also, Offa does not invest in industries considered harmful to society such as the
arms trade, animal testing, gambling, alcohol, or tobacco.
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