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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
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Insurance companies try their best to uphold the details of the policy without cutting corners
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Insurance companies in the region are as professional as in other more developed markets
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Kuwait approves new $349 million Islamic bank

Kuwait is planning to set up a…


September 15, 2009 2:53 by

Kuwait is planning to set up a new Islamic bank with a capital of KD100 million ($349 million), reports Reuters, quoting state news agency Kuna. The new lender, called Warba Bank, will be 24 percent owned by the Kuwait Investment Authority, while the rest will be held by the public, the Kuwaiti minister of cabinet affairs, Rodhan Al-Rodhan told Kuna.


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