The Global AI & Technology Market: A Nexus with Morally‐Guided and Islamic Ethics‐Screened Investing Opportunities

Employing quantile cross‐spectral and quantile‐VAR methodologies, this study examines the alignment between artificial intelligence (AI) and values‐based investments—specifically Shariah‐compliant and ESG‐oriented prospects—from May 18, 2018, to April 14, 2023. Findings indicate that AI demonstrates greater compatibility with socially responsible investments than with conventional alternatives, with the strongest synergy observed in Shariah‐compliant investments, potentially due to their higher information technology composition. Coherence between AI and all investment categories intensifies from short‐term (weekly) to long‐term (yearly) horizons during bear and normal markets, whereas the inverse pattern occurs in bull markets. Quantile‐VAR analysis reveals that AI generates significant spillover effects at the lower tails, with the most pronounced impact on Islamic, followed by ESG, and then conventional investments. Bear markets present the most effective conditions for AI to influence ESG and Shariah‐compliant opportunities, while in normal and bull markets, AI becomes more impressionable, receiving shocks from all market types. These insights offer novel perspectives on the ethical dimensions of AI and its interaction with sustainable finance, providing valuable implications for policymakers, regulatory authorities, technology ethicists and green economy planners.