How Different is The Financial Performance of Sharia-Based Banks?

In 2018-2021, the level of income earned by Bank Mega Syariah and Bank Muamalat Indonesia has fluctuated. However, during the Covid-19 pandemic, the two Islamic bank showed an optimal increase in income compared to other Islamic commercial banks. The research aims to determine the health condition and performance of Bank Mega Syariah and Bank Muamalat Indonesia in terms of four aspects, nameley Risk Profile, Good Corporate Covernance, Earnings and Capital. This research is included in the category of quantitative descriptive research with a numerical model sourced from secondary data in the form of financial reports fro the 2018-2021 period obtained through the official website of the Indonesia Stock Exchange. Data analysis was performed by assessing the financial ratio ratings for the four aspects of RGEC. Based on the research results, it shows that there is a significant difference between Bank Muamalat Indonesia and Bank Mega Syariah in 2018-2021 in the Risk Profile factor based on the NPF ratio and there is no significant difference based on the FDR ratio. It was found that there was a gap between the average values ​​obtained by BMI and BMS related to the existing GCG factors. There is a significant difference between the average BMI and BMS in the Earnings factor based on the ROA ratio. A gap was found between the average values ​​obtained by BMI and BMS regarding the capital factor based on the CAR ratio and there was no significant difference between the financial performance of Bank Muamalat Indonesia and Bank Mega Syariah using the RGEC method.