Abstract
This study tries to analyze the difference of financial performance of Islamic banks byusing income statement approach and value added approach based on financial ratio.The financial ratio which is used consists of ROA, ROE, and the ratio between thetotal net income by earning assets, NPM, and BOPO. The data for analysis weretaken from PT. Bank Syariah Mandiri Indonesia. Thus, the population of this researchis the financial report of PT. Bank Syariah Mandiri; while the sample of this researchwas the financial report year 2007- 2009 for each approaches that are Income StatementApproach and Value Added Approach. The means of analysis to prove the hypothesisof this research is an independent sample t-test. It shows that the averagefinancial ratio (ROA, ROE, net profit ratio of productive assets, and NPM). There aresignificant differences between the Income Statement Approach and Value AddedApproach, while the BOPO ratio between the Income Statement Approach and ValueAdded Approach has no difference. Yet, when viewed in the overall level of profitability,it shows that there are significant differences between the Income Statement Approachand Value Added Approach.
Highlights
The economic system that grows today is the system of capitalism and socialism
Based on the background and the statement of the problem posed in this study, it can be compiled the following research hypothesis: H1 : There is a significant differences in Return on Assets (ROA) Islamic banking if it is analyzed by the income approach and added value
Descriptive Data Analysis Descriptive analysis is intended to see the characteristics of the data in the form of financial statements of Bank Syariah Mandiri in Income Statement and Statement of Sharia Value Added, which in this study using the mean, standard deviation, maximum value and minimum value of each of which represents a good ratio for income statement approach and value added approach
Summary
The economic system that grows today is the system of capitalism and socialism. This system refers to the principle that is contrary to Islam. Refers to the work of Muhammad Wahyudi (2005), researcher conducted a re-study on the Islamic banking financial performance by using the approach of profit and loss and value added. Selection of PT Bank Syariah Mandiri Indonesia as the research object with the basis that the bank operates on Islamic principles and that BSM is a bank as a pioneer of the banking establishment based on Islamic law. Bank Mandiri, but based on the development of Islamic banking in Indonesia Bank Syariah Mandiri established, which is a form of separate operations which was inaugurated on November 1st 1999 and got the status as a foreign exchange bank in 2002. Based on the explanation above, this research focuses on financial performance difference analysis of Mandiri Islamic Bank by using sharia value added and income statement approach
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