...State Support Extremely Likely: Dubai Islamic Bank PJSC's (DIB) Issuer Default Ratings (IDRs) are driven by an extremely high probability of support from the UAE authorities, if needed. This reflects a long history of support in the UAE as well as DIB's status as a domestic systemically important bank (D-SIB) in the UAE. VR Reflects Sound Financial Condition: DIB's Viability Rating (VR) reflects acceptable asset- quality metrics, sizable financing book concentration and still high exposure to the real estate sector. It also considers the bank's strong domestic franchise, healthy profitability and modest capital ratios, as well as sound liquidity and funding backed by a large and stable customer deposit base. Strong Domestic Franchise: DIB is the fourth-largest bank and the largest Islamic bank in the UAE, where it enjoys very strong brand recognition. DIB's market share of total system assets has been regularly rising and reached 8.4% at end-2017. Acceptable Asset Quality Metrics: Asset...
