The Effect of Financing on Profitability: Ratio of Operating Expenses to Operating Income as Moderating Variable

This study aims to analyze the effect of financing provided by Bank Syariah Indonesia (BSI), including murabahah, mudarabah, musharakah, and ijarah on the Return on Assets (ROA) during the period from the first quarter of 2021 to the second quarter of 2022. In addition, the study examines the role of the Operational Expense to Operating Income Ratio (BOPO) as a moderating variable in the relationship between these types of financing and ROA. The analysis employs moderated regression analysis (MRA) with panel data. The findings indicate that none of the four financing types have a significant effect on ROA. Furthermore, BOPO does not serve as a moderating variable in the relationship between murabahah, mudarabah, musharakah, and ijarah financing and ROA.