<![CDATA[This study aims to analyse the effect of ESG disclosure on the cost of capital with sharia compliance as a moderating variable. The methodology used is multiple linear regression analysis with a population of manufacturing companies listed on the Indonesian Sharia Stock Index for the period 2021-2023. The sample in this study purposive sampling technique, which obtained a total sample of 14 companies with a total observation data of 42 data. The results showes empirical evidence of a positive effect of ESG disclosure on Cost of Capital. This finding indicates that the higher level of ESG disclosure by the company, the higher cost of capital that must be borne. The results also show that empirical evidence of sharia compliance shows insignificant results. So it can be concluded that ESG Disclosure has a positive effect on the cost of capital in manufacturing companies in ISSI 2021-2023 but sharia compliance cannot have a real effect as a moderating variable to improve the relationship between ESG disclosure and Cost of Capital.]]>
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