The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets
This study examines the long-term relationship between Islamic Stock prices, faith-based investments, green technology, clean energy, and green finance. The variables used in the study are the Clean Energy Index for clean energy, Green Bond Index for green finance, the Renewable Energy and Clean Tec...
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| Format: | Article |
| Language: | English |
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İLKE İlim Kültür Eğitim Vakfı
2024-08-01
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| Series: | Türkiye İslam İktisadı Dergisi |
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| Online Access: | https://tujise.org/uploads/2024/08/5_G%C3%BClfer_Tuna_tujise_11-2.pdf |
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| _version_ | 1832543650859450368 |
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| author | Gülfen Tuna Zülküf Çevik |
| author_facet | Gülfen Tuna Zülküf Çevik |
| author_sort | Gülfen Tuna |
| collection | DOAJ |
| description | This study examines the long-term relationship between Islamic Stock prices, faith-based investments, green technology, clean energy, and green finance. The variables used in the study are the Clean Energy Index for clean energy, Green Bond Index for green finance, the Renewable Energy and Clean Technology Index for green technology and the Islamic Market Index for Islamic Stocks’ closing prices, as explained by S&P. The utilized research model is the NARDL model, and the findings reveal a cointegration relationship between faith-based and green finance instruments. Green finance instruments are unsuitable for the research period to be used as a safe-haven or effective diversification instrument for faith-based portfolios. Comprehending faith-based investments’ relationship with other green finance assets is critical in supporting sustainable development with financial market instruments, which provide environmental and societal benefits. As a result, apprehending the relationship between faith-based investments and green finance instruments can contribute to increasing social and environmental responsibility awareness in financial markets. The study’s outcomes hold significance in understanding how investors in financial markets react to positive and negative shocks, estimating these effects, efficiently managing portfolios comprising green financial assets and faith-based investments, and formulating an appropriate investment strategy. |
| format | Article |
| id | doaj-art-8d2d1ce1c0314f149bbd438b3bf3f72c |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-8d2d1ce1c0314f149bbd438b3bf3f72c2025-02-03T11:35:58ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092024-08-011128410510.26414/A4105The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock MarketsGülfen Tuna0https://orcid.org/0000-0002-0347-8072Zülküf Çevik1https://orcid.org/0000-0002-1445-0518Sakarya University Sakarya UniversityThis study examines the long-term relationship between Islamic Stock prices, faith-based investments, green technology, clean energy, and green finance. The variables used in the study are the Clean Energy Index for clean energy, Green Bond Index for green finance, the Renewable Energy and Clean Technology Index for green technology and the Islamic Market Index for Islamic Stocks’ closing prices, as explained by S&P. The utilized research model is the NARDL model, and the findings reveal a cointegration relationship between faith-based and green finance instruments. Green finance instruments are unsuitable for the research period to be used as a safe-haven or effective diversification instrument for faith-based portfolios. Comprehending faith-based investments’ relationship with other green finance assets is critical in supporting sustainable development with financial market instruments, which provide environmental and societal benefits. As a result, apprehending the relationship between faith-based investments and green finance instruments can contribute to increasing social and environmental responsibility awareness in financial markets. The study’s outcomes hold significance in understanding how investors in financial markets react to positive and negative shocks, estimating these effects, efficiently managing portfolios comprising green financial assets and faith-based investments, and formulating an appropriate investment strategy.https://tujise.org/uploads/2024/08/5_G%C3%BClfer_Tuna_tujise_11-2.pdfislamic stockgreen bondsclean energyclean technologygreen financefaith-based investmentsnardl |
| spellingShingle | Gülfen Tuna Zülküf Çevik The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets Türkiye İslam İktisadı Dergisi islamic stock green bonds clean energy clean technology green finance faith-based investments nardl |
| title | The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets |
| title_full | The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets |
| title_fullStr | The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets |
| title_full_unstemmed | The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets |
| title_short | The Effects of Green Technology, Clean Energy, and Green Finance on Faith-Based Investments: Evidence from Islamic Stock Markets |
| title_sort | effects of green technology clean energy and green finance on faith based investments evidence from islamic stock markets |
| topic | islamic stock green bonds clean energy clean technology green finance faith-based investments nardl |
| url | https://tujise.org/uploads/2024/08/5_G%C3%BClfer_Tuna_tujise_11-2.pdf |
| work_keys_str_mv | AT gulfentuna theeffectsofgreentechnologycleanenergyandgreenfinanceonfaithbasedinvestmentsevidencefromislamicstockmarkets AT zulkufcevik theeffectsofgreentechnologycleanenergyandgreenfinanceonfaithbasedinvestmentsevidencefromislamicstockmarkets AT gulfentuna effectsofgreentechnologycleanenergyandgreenfinanceonfaithbasedinvestmentsevidencefromislamicstockmarkets AT zulkufcevik effectsofgreentechnologycleanenergyandgreenfinanceonfaithbasedinvestmentsevidencefromislamicstockmarkets |