Reuters Al Rayan Bank is expanding its product range and adding an office in Scotland, its top executive said, after a year of strong growth for Britain’s only Islamic retail lender despite uncertainty stemming from Brexit. Islamic retail banking is still a rarity in the West, but the experience of Al Rayan could encourage other Islamic banks to explore ...

  Bloomberg Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said. Values have declined 2.6 percent since the referendum and may drop further from their current high levels, according to the central bank’s twice-yearly assessment. Continuing declines ...

  PATE ISLAND / AFP Ahmed Ali Mohamed snorkels over sea grass and coral, keeping an eye out for different fish species darting through the waters below him. But his job is not to catch the fish — as his family has done for generations — instead he only counts them. Mohamed is one of the first former fishermen to ...