Impact of Islamic Banking on Energy Economics of Yemen: A Moderating Role of Government Policies and Regulations for Digitalization
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The goal of this study was to investigate how Islamic banking has affected energy economy in Yemen, with a focus on the moderating function of governmental policies and regulations for digitalization. For this study, managers who work in the Islamic banking industry were the respondents, and a quantitative research methodology was used. The results of this study showed that the adoption of Islamic banking positively affects the affordability and sustainability of energy within Yemen's Islamic banking industry. Additionally, it has been discovered that economic growth, investment in renewable energy, and energy use all significantly influence the affordability and sustainability of energy. The findings further suggest the moderating function of governmental policies and regulations for digitalization in the interaction between Islamic banking and energy economics. These revelations add to the body of knowledge and have important ramifications for managers, legislators, and other stakeholders in the Islamic banking industry who are working on digitalization to promote energy sustainability in especially Yemen.
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