Analysis Of The Financial Performance Of Bank Muamalat Indonesia And Bank BCA Syariah Using The IPI Approach
DOI: 10.35760/ugefic.v8i1.232Abstract
The development of the Islamic banking industry in Indonesia has shown a positive trend, yet it still faces challenges in terms of profitability, efficiency, and compliance with Sharia principles. This study aims to analyze and compare the financial performance and Sharia compliance of Bank Muamalat Indonesia and Bank BCA Syariah during the 2020–2024 period. The research problems focus on how the performance of both banks is measured using the Islamicity Performance Index (IPI) and conventional financial ratios, as well as whether there are significant differences between the two. The study employs a quantitative approach with purposive sampling and data analysis using the Independent Sample T-Test. The indicators consist of five IPI ratios (Profit Sharing Ratio, Zakat Performance Ratio, Equitable Distribution Ratio, Directors–Employees Welfare Ratio, and Islamic Income vs. Non-Islamic Income) and four financial ratios (Return on Assets, Operational Expenses to Operational Income, Capital Adequacy Ratio, and Financing to Deposit Ratio). The findings reveal significant differences in most indicators between the two banks, both in financial dimensions and Sharia compliance. Bank Muamalat demonstrates stronger performance in Sharia compliance indicators, while BCA Syariah shows better efficiency in operational and capital aspects.
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