COST OF CAPITAL PADA BANK SYARIAH MANDIRI
Apriani Dorkas Rambu Atahau
Fakultas Ekonomi dan Bisnis Universitas Kristen Satya Wacana
Jl. Diponegoro No.52-60 Salatiga, 50711
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Apriani Dorkas Rambu Atahau: Telp + 62 298 311 881
The growth of Islamic or Syariah banking had been remarkable. It was not only occurring in countries where the Moslems were majority but also in countries where Moslems were minority. Syariah banking itself had a specific characteristic known as “profit-and-loss sharing system”. This “profit-and-loss sharing system” was different from interest-based system used by conventional banks. Profit-and-loss sharing system implementation had a significant impact on the cost of capital calculation in Islamic banks. This research described the calculation of capital cost in Bank Syariah Mandiri as one of Islamic (syariah) banks. The aim of the study was to give view about the capital cost of Mandiri syariah bank in Indonesia. The data were taken from Mandiri Syariah bank’s financial report during five consecutive years. The data were analyzed by using trend analysis. Based on trend analysis in every component of cost of capital, it was concluded that the cost of capital of Bank Syariah Mandiri syariah bank tended to decrease due to the decreasing trend of its cost of debt.
Key words: Cost of Capital, Syariah Banking, Islamic Banks