Bangladesh batter Parvez Hossain Emon has also made significant progress, moving up 21 places due to consistent performances.
According to the weekly ICC rankings update published on Wednesday, Mustafiz advanced two spots in the T20I bowling chart. Several other Bangladeshi bowlers and batters also saw improvement.
Mustafiz conceded 23 and 39 runs in the first two games of the series but delivered a superb spell in the decider, taking 3 wickets for just 11 runs in 3 overs.
Mahedi Hasan climbed three spots to 14th after taking three wickets across the second and third matches. Leg-spinner Rishad Hossain moved up five places to 15th with four wickets in the first and third games.
Despite going wicketless in his two outings, Nasum Ahmed rose five places to 25th. Pacer Tanzim Hasan Sakib climbed two spots to 35th after picking up three wickets in two matches.
In batting, Emon, after scores of 43 and an unbeaten 33 in the last two T20Is has reached a career-high ranking of 38.
Among Bangladeshi batters, Tanzid Hasan Tamim remains the highest-ranked, though he slipped one spot to 19th despite scoring an unbeaten fifty in the final match.
Towhid Hridoy moved up five spots to joint 42nd with Australia’s Glenn Maxwell after his 83-run knock in the first match.