Financial Performance Evaluation Using Topsis Approch: A Study Of Islamic Banks In Pakistan

Abstract

For the duration of 2019-2021, this research study uses Topsis to examine the financial-performance and financial condition of five Islamic banks: Albarka Bank, Bank Islami Pakistan, Meezan Bank, MCB Islamic, and Bank Dubai Islamic Bank. Topsis is a methodology for evaluating the financial-performance, financial position, weaknesses, soundness, safety, and financial health of all banking
activities. The study's findings suggest that Dubai Islamic Bank outperformed other banks in financial-performance in 2019 and 2021, but that the bank is now in second place in 2021. The Meezan Bank is also doing well, coming in second place in 2019 and 2020 and first place in 2021. The Dubai Islamic Bank and Meezan bank are in close competition and are the market best performers. Other
banks, such as MCB Islamic, Albarka, and Bank Islami, ranked third, fourth, and fifth, respectively, in 2019, 2020, and 2021. These banks attempt to increase market share by offering consumers innovative products and services that improve the banks' financial-performance.