This research aims to find out the potential loss and the investment income that has been adjusted to the risk of Mudharabah deposit in Bank SyariahMandiri, BRI Syariah, and BNI Syariah. This research used quantitative approach. The research data source used secondary data namely the quarterly financial reports of Bank SyariahMandiri, BRI Syariah, and BNI Syariah in the period of year 2010-2017. The data analysis methods used were Value at Risk and Risk adjusted Return on Capital. This research results show that the highest potential risk based on VAR method refers to BSM while the highest return that has been adjusted to risk based on RAROC method refers to BNI Syariah