Internet is no longer a medium of communication but it is a strong business medium. Since 1980s, commercial banks have continuously innovated through technology-enhanced products and services particularly in the developed countries. Keeping with the pace, Muslim countries have also developed the modern banking system in the late 19^th century. With the passage of time, customers are exposed to the various technological changes in the banking sector. Islamic countries, too, are adopting the Internet banking system. Although now it is in its nascent stage, there are huge prospects for the online banking system in those countries. The study aims to provide a better understanding of how the online banking is prevailing and showing growth prospects in the Islamic countries. The objective is achieved by describing the online services in those countries and how customers are responding to these services compared to those in other countries.

Superior prediction and classification in determining a firm's performance are the major concerns for practitioners and academicians as it is important to provide useful information to shareholders and potential investors to enable them make good decisions regarding investments. A firm's performance can be analyzed based on financial indicators reported in that company's annual report; balance sheet, income, and cash flow statements. These reports provide vast amount of information related to the performance of the firm. To provide a better understanding of the performance of a particular firm, these financial data are best transformed into financial ratios. Nevertheless, there are a number of financial ratios to be considered in classifying the performance of each firm.

Some of these financial ratios may be irrelevant or correlate with one another giving redundant information for classification. In addition, different studies or different firms use different financial ratios in analyzing firms' performance. The level of importance of the ratios differs from one research to another, industry to industry, and from one country to another. Using all the ratios to build the classification model will cause a system to operate in high dimension. This will complicate the learning process computationally and analytically (Pechenizkiy et al., 2006). In addition, regression method and neural networks are difficult to use when the number of features are large (Lendasse et al., 2001). Thus, it is crucial to discover the significance of the financial ratios because of its impact on the accuracy and classification of the model developed.

IUP Journal of Applied Finance, Internet Banking, Modern Banking System, Islamic banks, E-commerce, Financial Services, Banking Industry, Banking System, Dual Banking System, Islamic Banking Schemes, Information Technology, Internet Banking Services, Economist.