| By: |
Saida Daly ("Department of Economics and Finance, College of Business and Economics, Qassim University, P.O. Box 6640, Buraidah 51452, Qassim, Saudi Arabia Department of Economics Faculty of Economic Sciences and Management of Mahdia, University of Monastir, Monastir 5000, Tunisia" Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: |
" Objective - This study investigates the role of Islamic finance and green
investment in promoting sustainable development in the Gulf Cooperation
Council (GCC) countries. Grounded in Shariah principles such as risk-sharing
and ethical investment, Islamic finance provides a viable framework for
supporting environmental transformation. Methodology/Technique – The GCC
region provides a relevant context given its strong Islamic financial systems,
hydrocarbon dependence, and sustainability-oriented national strategies. Using
panel data from 2005 to 2022, the study employs a dynamic panel model
estimated through the Generalized Method of Moments (GMM) to examine the
effects of Islamic finance and green investment on COâ‚‚ emissions per capita
and renewable energy consumption, while controlling for GDP per capita, trade
openness, and institutional quality. Findings – The findings indicate that
Islamic finance and green investment significantly reduce emissions while
promoting renewable energy adoption. Novelty – This study contributes to the
literature by jointly examining their roles in shaping both environmental
quality and energy transition in GCC countries, an area that remains
underexplored. Type of Paper - Empirical" |
| Keywords: |
Islamic finance, GCC, green investment, sustainability, SDGs, GMM estimation |
| JEL: |
G21 Q43 Q56 O13 |
| Date: |
2026–03–31 |
| URL: |
https://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr234 |