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ORIGINAL ARTICLE
Green Sukuk and Sustainable Development Goals: A Strategic Tool for Saudi Vision 2030 and the SDGs
1
Department of Economics, University Of Djillali Liabes Sidi Bel Abbes, (Algeria), Algeria
2
Department of Finance, Of Abou Bekr Belkaid, Tlemcen, (Algeria), Algeria
3
Department of English, University of Abou Bekr Belkaid, Tlemcen, (Algeria), Algeria
Submission date: 2025-06-14
Final revision date: 2025-07-27
Acceptance date: 2025-07-28
Online publication date: 2025-11-27
Publication date: 2025-11-27
Corresponding author
Benazza Ikram
Department of Finance, Of Abou Bekr Belkaid, Tlemcen, (Algeria), tlemcen, 13000, Tlemcen, Algeria
Department of Finance, Of Abou Bekr Belkaid, Tlemcen, (Algeria), tlemcen, 13000, Tlemcen, Algeria
Economic and Regional Studies 2025;18(3):404-422
KEYWORDS
JEL CLASSIFICATION CODES
Q01
P33
R51
G21
TOPICS
ABSTRACT
Islamic green finance is an innovative financial tool that addresses an environmental and social challenges by integrating Islamic ethical principles with sustainability goals. This study investigates the role of Green Sukuk in promoting sustainable development in Saudi Arabia, in line with Vision 2030. It evaluates their potential and real impacts through the case of the Saudi Electricity Company showing how these instruments support the transition toward a low-carbon,and empower communities, Using an analytical methodology based on an comprehensive literature review and desk research,The results indicate that Green Sukuk effectively mobilize financial resources to support economic diversification, social development, and environmental sustainability. The study concludes that Islamic green finance in Saudi Arabia is strategically oriented towards these three pillars, in alignment with both national objectives and the United Nations Sustainable Development Goals ,offering a valuable model for other countries aiming to integrate ethical finance into their sustainable development strategies.
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