FINANCIAL PERFORMANCE RANKING OF ISLAMIC BANKS IN JORDAN EMPLOYING EDAS AND TOPSIS METHODS

Abstract

This paper documents the findings of the financial performance ranking of Jordanian Islamic banks employing the similarity-to-ideal preference ranking technique Evaluation based on (TOPSIS) and Average Distance from Solution (EDAS) method. With the proposed approach we determine Criteria that affect the financial performance of the bank under consideration. The TOPSIS and EDAS methods are used to determine the significance weight of the criteria and the bank's performance score. The paper discovers that there are fluctuations in the EDAS and TOPSIS performance scores of analyzed Islamic banks in Jordan. This outcome demonstrates the performance instability of the considered banks. This consequence suggests that performance testing is meaningful in today's intensely competitive environment.