Analisis Komparatif Kinerja Bank Syariah Indonesia dan Bank Muamalat Indonesia menggunakan Pendekatan Sharia Conformity and Profitability (SCnP) Periode 2021–2024

Rakay Achmad Khusnul Huda; Mohammad Dendi Abdul Nasir

doi:10.30640/jmcbus.v4i3.6940

Authors

Rakay Achmad Khusnul Huda Institut Nurul Islam Mojokerto
Mohammad Dendi Abdul Nasir Institut Nurul Islam Mojokerto

DOI:

https://doi.org/10.30640/jmcbus.v4i3.6940

Keywords:

Bank Muamalat Indonesi, Bank Syariah Indonesia, Islamic Banking, Profitability, Sharia Conformity

Abstract

This study aims to analyze and compare the financial performance of Bank Syariah Indonesia (BSI) and Bank Muamalat Indonesia (BMI) using the Sharia Conformity and Profitability (SCnP) approach over the 2021–2024 period. A quantitative descriptive-comparative method is employed, with secondary data derived from annual financial reports published by both banks. The sharia conformity dimension is measured through the Islamic Income Ratio (IIR), Islamic Investment Ratio (IIVR), and Profit Sharing Ratio (PSR), while profitability is assessed using Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). The findings indicate that both banks consistently demonstrate very high sharia conformity throughout the observation period, as reflected in IIR values approaching unity. However, significant differences are observed in profitability performance. BSI exhibits a consistent upward trend in ROA, ROE, and NPM, culminating in its position within the Upper Right Quadrant (URQ), i.e., High Sharia Conformity–High Profitability, by the end of the study period. In contrast, BMI experiences considerable profitability fluctuations despite maintaining a strong commitment to profit-sharing-based financing, particularly evidenced by its highest PSR reaching 0.71 in 2023. This study concludes that institutional consolidation and capital strengthening play a decisive role in balancing sharia compliance and financial performance in Indonesian Islamic banking.

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