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Strongly agree
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Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
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Do you trust your insurance provider?
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Dubai Islamic Bank Q3 profit climbs 10.5 percent

Dubai Islamic Bank , the Gulf Arab emirate's third-largest bank by market value, reported on Saturday a 10.5 percent rise in third-quarter net profit, beating analyst expectations.


October 29, 2011 3:03 by

DIB made a profit of 298 million dirhams in the three months ended Sept. 30, up from a profit of 269.58 million dirhams in the comparable period one year earlier.

The lender beat analysts expectations. Two analysts polled by Reuters had estimated third-quarter profit of 247 million and 283 million dirhams.

Provisions for impairment increased to 216.8 million dirhams in the third quarter.

Total assets rose 3.7 percent to 93.5 billion dirhams, while customer deposits climbed 8.2 percent to 68.6 billion dirhams in the quarter. (Reporting by Shaheen Pasha; Editing by Sami Aboudi)


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