diff --git a/src/NodeApi/Runtime/NodeEmbedding.cs b/src/NodeApi/Runtime/NodeEmbedding.cs
index 7c9b74d1..5224f9ba 100644
--- a/src/NodeApi/Runtime/NodeEmbedding.cs
+++ b/src/NodeApi/Runtime/NodeEmbedding.cs
@@ -433,7 +433,19 @@ internal static unsafe napi_value ModuleInitializeCallbackAdapter(
         nint module_name,
         napi_value exports)
     {
-        using var jsValueScope = new JSValueScope(JSValueScopeType.Root, env, JSRuntime);
+        // Linked modules are initialized lazily by process._linkedBinding(), so the runtime's
+        // scope is usually current on this thread. Node.js passes a separate napi_env for each
+        // module; nesting a root scope for it would fail or, on dispose, leave the thread
+        // without a current scope. Initialize the module within the runtime's scope instead,
+        // so that its exports share the runtime context and later callbacks into them work.
+        // A callback scope cannot be nested in a handle scope, so that is used as is.
+        using JSValueScope? jsValueScope = JSValueScope.CurrentOrNull?.ScopeType switch
+        {
+            null => new JSValueScope(JSValueScopeType.Root, env, JSRuntime),
+            JSValueScopeType.Handle or JSValueScopeType.Escapable => null,
+            _ => new JSValueScope(JSValueScopeType.Callback),
+        };
+        napi_env scopeEnv = JSValueScope.Current.UncheckedEnvironmentHandle;
         try
         {
             var callback = (InitializeModuleCallback)GCHandle.FromIntPtr(cb_data).Target!;
@@ -448,6 +460,19 @@ internal static unsafe napi_value ModuleInitializeCallbackAdapter(
             JSError.ThrowError(ex);
             return napi_value.Null;
         }
+        finally
+        {
+            // Pending exceptions are tracked per napi_env, and Node.js only reports those of the
+            // module's env to the caller of process._linkedBinding().
+            if (scopeEnv != env &&
+                JSRuntime.IsExceptionPending(scopeEnv, out bool isPending) == napi_status.napi_ok &&
+                isPending &&
+                JSRuntime.GetAndClearLastException(scopeEnv, out napi_value error) ==
+                    napi_status.napi_ok)
+            {
+                JSRuntime.Throw(env, error);
+            }
+        }
     }
 
 #if UNMANAGED_DELEGATES
diff --git a/test/NodejsEmbeddingTests.cs b/test/NodejsEmbeddingTests.cs
index 1785decc..fafe5ee0 100644
--- a/test/NodejsEmbeddingTests.cs
+++ b/test/NodejsEmbeddingTests.cs
@@ -4,6 +4,7 @@
 #pragma warning disable CA1822 // Mark members as static
 
 using System;
+using System.Collections.Generic;
 using System.IO;
 using System.Linq;
 using System.Text;
@@ -288,6 +289,155 @@ public void ThrowErrorFromCallback(string message)
         });
     }
 
+    private static NodeEmbeddingThreadRuntime CreateRuntimeWithLinkedModule(
+        string mainScript = "",
+        NodeEmbedding.InitializeModuleCallback? onInitialize = null)
+    {
+        NodeEmbeddingModuleInfo linkedModule = new()
+        {
+            Name = "test-linked",
+            NodeApiVersion = NodeEmbedding.NodeApiVersion,
+            OnInitialize = onInitialize ?? ((runtime, moduleName, exports) =>
+            {
+                exports.SetProperty("moduleName", moduleName);
+                exports.SetProperty("add", JSValue.CreateFunction(
+                    "add", (args) => (int)args[0] + (int)args[1]));
+                return exports;
+            }),
+        };
+
+        // Modules are registered on the runtime thread while it is configured, so dirty the
+        // array pool lazily from there, right before the module name is marshalled.
+        static IEnumerable<NodeEmbeddingModuleInfo> WithGarbageInArrayPool(
+            NodeEmbeddingModuleInfo module)
+        {
+            FillArrayPoolWithGarbage();
+            yield return module;
+        }
+
+        return NodejsPlatform.CreateThreadRuntime(
+            Path.Combine(GetRepoRootDirectory(), "test"),
+            new NodeEmbeddingRuntimeSettings
+            {
+                MainScript = MainScript + mainScript,
+                Modules = WithGarbageInArrayPool(linkedModule),
+            });
+    }
+
+    private static void AssertJSThreadIsUsable(NodeEmbeddingThreadRuntime nodejs)
+    {
+        nodejs.Run(() =>
+        {
+            Assert.Equal(3, (int)JSValue.RunScript("1 + 2"));
+        });
+    }
+
+    [Fact]
+    public void LinkedModuleFromScript()
+    {
+        using NodeEmbeddingThreadRuntime nodejs = CreateRuntimeWithLinkedModule();
+
+        nodejs.Run(() =>
+        {
+            JSValue linked = JSValue.RunScript("process._linkedBinding('test-linked')");
+            Assert.Equal("test-linked", (string)linked["moduleName"]);
+            Assert.Equal(3, (int)linked.CallMethod("add", 1, 2));
+
+            // The scope that was current before the module was initialized must be restored.
+            Assert.Equal(3, (int)JSValue.RunScript("1 + 2"));
+        });
+
+        AssertJSThreadIsUsable(nodejs);
+        nodejs.Dispose();
+        Assert.Equal(0, nodejs.ExitCode);
+    }
+
+    [Fact]
+    public void LinkedModuleFromMainScript()
+    {
+        using NodeEmbeddingThreadRuntime nodejs = CreateRuntimeWithLinkedModule(
+            "globalThis.linked = process._linkedBinding('test-linked');\n");
+
+        nodejs.Run(() =>
+        {
+            Assert.Equal(3, (int)JSValue.RunScript("globalThis.linked.add(1, 2)"));
+        });
+
+        AssertJSThreadIsUsable(nodejs);
+        nodejs.Dispose();
+        Assert.Equal(0, nodejs.ExitCode);
+    }
+
+    [Fact]
+    public async Task LinkedModuleFromESModule()
+    {
+        using NodeEmbeddingThreadRuntime nodejs = CreateRuntimeWithLinkedModule();
+
+        int result = await nodejs.RunAsync(async () =>
+        {
+            JSValue testModule = await nodejs.ImportAsync(
+                "./test-linked-module.mjs", null, esModule: true);
+            return (int)testModule["result"];
+        });
+        Assert.Equal(3, result);
+
+        AssertJSThreadIsUsable(nodejs);
+        nodejs.Dispose();
+        Assert.Equal(0, nodejs.ExitCode);
+    }
+
+    [Fact]
+    public void LinkedModuleFromHandleScope()
+    {
+        using NodeEmbeddingThreadRuntime nodejs = CreateRuntimeWithLinkedModule();
+
+        nodejs.Run(() =>
+        {
+            using JSValueScope handleScope = new();
+            Assert.Equal(
+                "test-linked",
+                (string)JSValue.RunScript("process._linkedBinding('test-linked').moduleName"));
+        });
+
+        AssertJSThreadIsUsable(nodejs);
+        nodejs.Dispose();
+        Assert.Equal(0, nodejs.ExitCode);
+    }
+
+    [Theory]
+    [InlineData(false)]
+    [InlineData(true)]
+    public void LinkedModuleInitializationError(bool throwJSError)
+    {
+        using NodeEmbeddingThreadRuntime nodejs = CreateRuntimeWithLinkedModule(
+            onInitialize: (runtime, moduleName, exports) =>
+            {
+                if (throwJSError)
+                {
+                    JSError.ThrowError("init failed");
+                    return exports;
+                }
+
+                throw new InvalidOperationException("init failed");
+            });
+
+        nodejs.Run(() =>
+        {
+            // The error must reach the caller of process._linkedBinding().
+            JSValue result = JSValue.RunScript("""
+                (() => {
+                    try { process._linkedBinding('test-linked'); } catch (e) { return e.message; }
+                    return 'not thrown';
+                })()
+                """);
+            Assert.Equal("init failed", (string)result);
+        });
+
+        AssertJSThreadIsUsable(nodejs);
+        nodejs.Dispose();
+        Assert.Equal(0, nodejs.ExitCode);
+    }
+
     [Fact]
     public async Task WorkerIsMainThread()
     {
diff --git a/test/test-linked-module.mjs b/test/test-linked-module.mjs
new file mode 100644
index 00000000..0d0e31e2
--- /dev/null
+++ b/test/test-linked-module.mjs
@@ -0,0 +1,2 @@
+const { add } = process._linkedBinding('test-linked');
+export const result = add(1, 2);