Measuring Financial Health Analysis Using Risk-Based Bank Rating (RRBR) Ratios: Evidence from Syariah Bank Listed on Indonesia Stock Exchange (IDX) For Periods Of 2018-2020

This study provides an assessment of the healthiness of the Sharia Bank in Indonesia and analyse the results. We used three of four of the Sharia Banks listed on the Indonesia Stock Exchange (IDX) as a sample and used the risk-based bank rating (RBBR) methodology by measuring the risk profile condition, profitability (earnings), capital, and good corporate governance (GCG). Data were collected quarterly from the 3rd quarter of 2018 until the 4th quarter of 2020 of PT Bank BRI Syariah Tbk (BRIS), which has been merged into PT Bank Syariah Indonesia, PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPS), and PT Bank Panin Dubai Syariah Tbk (PNBS). The result shows that non-performing loan (NPL) is healthy, while the loan to debt ratio (LDR) is quite healthy. The GCG result indicates that the companies achieved well. While the profitability and capital that were measured through return on asset (ROA), net interest margin (NIM), cost of operating income (BOPO), and capital adequacy ratio (CAR) are in very healthy condition. This study provides useful insight into measuring Sharia Banks in Indonesia by using the risk-based bank rating (RBBR) methodology.