Sharia-compliant bridging finance lender Offa has appointed Riaz Husain (pictured) as non-executive director on its board.
Husain was previously at the Bank of England Prudential Regulation Authority (PRA), and will supervise the boards performance in respect to statutory governance obligations, as well as chairing meetings of the risk and audit committee.
He served as a senior regulatory supervisor of financial institutions during his time at the PRA, prior to which, he worked in the insurance market as an actuary.
Sultan Choudhury OBE, executive chairman at Offa, said: “We are delighted to have Riaz join the Offa board.
“His immense experience, fine analytical mind and independent ideas will be invaluable to our executive team, informing our high-level strategic decisions as we seek to balance risk with growth in this constantly evolving global business landscape.”
Husain said: “Offa’s Board of Directors and Executives boasts a breadth of expertise, which include leaders in Islamic finance, highly experienced bankers and real estate professionals led by Chairman Sultan Choudhury OBE, the founder and former CEO of Al Rayan Bank.
“I am excited to be joining them during this pivotal phase as they expand the business. Even the best directors benefit from being constructively challenged and I look forward to working with the board to support their business decisions, governance and risk management processes.”
Offa was launched in 2019 to offer greater choice to property investors from the four million Muslim people in the UK looking for access finance in line with their beliefs.
