OFFA’s Shariah Compliant Revolving Credit Facility


CMS has advised OFFA on a Shariah compliant revolving credit facility provided by Gatehouse Bank plc.

The transaction is unique as OFFA is the first Shariah compliant bridge financier to have launched a product offering in the UK and will use the facility to provide financing onwards to its customers.

OFFA is a newly launched Shariah compliant bridge financier.

CMS’ Head of Islamic Finance Shakeel Adli (Picture) led the CMS team on the transaction.

Involved fees earner: Shakeel Adli – CMS Cameron McKenna Nabarro Olswang LLP;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;

Clients: OFFA;

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Author: Michael Patrini.