THE NEXUS BETWEEN COVID-19 PANDEMIC AND PERFORMANCE: EVIDENCE FROM PAKISTANI ISLAMIC BANKS

Abstract

The COVID-19 pandemic is considered one of the most serious crises in recent history, as it has profoundly impacted the lives of millions of people and adversely affected the economies of many countries. The effect of this health crisis on the financial sector is an area that warrants thorough investigation. Therefore, this study analyzes the impact of the COVID-19 pandemic on the Islamic bank’s financial performance. Data for this analysis were collected for the period from 2017 to 2022. The results reveal that the global health pandemic has no notable effect on the performance of Islamic banks; however, the findings are not statistically significant. As a result, no strong conclusion can be made. The results for the control variables are consistent with the existing literature.