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;