Imara: Jurnal Riset Ekonomi Islam
Vol 6, No 2 (2022): IMARA:JURNAL RISET EKONOMI ISLAM

COMPARATIVE ANALYSIS OF ISLAMIC BANK PERFORMANCE BASED ON RGEC AND ISLAMICITY PERFORMANCE INDEX

Darwis Harahap (Institut Agama Islam Negeri Padangsidimpuan)
Rini Hayati Lubis (Institut Agama Islam Negeri Padangsidimpuan)
Siti Ena Aisyah Simbolon (Institut Agama Islam Negeri Padangsidimpuan)
Ferri Alfadri (Institut Agama Islam Negeri Padangsidimpuan)



Article Info

Publish Date
10 Jan 2023

Abstract

Comparative Analysis of Islamic Bank Performance Based on RGEC and Islamicity Performance Index. The increase in Islamic banking makes Islamic banks must be able to maintain their performance in order to survive. The performance of Islamic banks can be measured using the CAMELS method until 2013, but after the issuance of PBI Number 13/1/PBI/2011 and POJK Number 8/POJK.03/2014 regarding the assessment of the soundness of Islamic banks, Islamic banks used the RGEC method. However, the RGEC method is not able to reveal the social function of a bank. Meanwhile, Islamic banks need a measuring instrument that is able to reveal the social function of the bank. So this research uses the Islamicity Performance Index method. Therefore, the problem in the research is how to compare the performance of PT. Bank Muamalat Indonesia Tbk and PT. Bank Syariah Mandiri Tbk based on RGEC and Islamicity Performance Index. The population in this study is the financial performance report data of PT. Bank Muamalat Indonesia Tbk and PT. Bank Syariah Mandiri Tbk in 2016-2020. The samples in this study are financial ratios, namely NPF, FDR, GCG, ROA, CAR, PSR, ZPR, EDR, IIR, and IsIR. Meanwhile, the data analysis technique used independent sample t-test and Mann Whitney test. The result of this research is the performance of PT. Bank Syariah Mandiri Tbk is better than the performance of PT. Bank Muamalat Indonesia Tbk.

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Journal Info

Abbrev

jurei

Publisher

Subject

Religion Economics, Econometrics & Finance Environmental Science

Description

Imara with ISSN 2599-0985 (Print) and 2622-1918 (Online) is a journal published by the Universitas Islam Negeri Mahmud Yunus Batusangkar managed Faculty of Islamic Economics and Business UIN Mahmud Yunus Batusangkar. This is a pree-reviewed professional journal with an editorial board of scholars in ...