Green Sukuk and Sustainable Development Goals: A Strategic Tool for Saudi Vision 2030 and the SDGS

Abstract Subject and purpose of work Islamic green finance represents an innovative financial instrument that integrates Islamic ethical principles with sustainability objectives to address modern environmental and social challenges. This study aims to explore the role of Green Sukuk in advancing sustainable development within Saudi Arabia, particularly in alignment with Vision 2030. Materials and methods The study uses a simple analytical method based on reviewing existing studies and reports. It focuses on a case study of the Saudi Electricity Company to understand how Green Sukuk help in moving to a low-carbon economy and support local communities. Results The results indicate that Green Sukuk effectively mobilize financial resources to support economic diversification, social development, and environmental sustainability. Conclusions 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 (SDGs), offering a valuable model for other countries aiming to integrate ethical finance into their sustainable development strategies.