Osamah Yahya Mohammed Hashem2024-05-302024-05-302023Mohammed Hashem, O. Y. (2023). نحو صناديق استثمار اجتماعية تخدم التنمية الاقتصادية في ضوء نظام الاستثمار الإسلاميTowards Social Investment Funds Serving Economic Development in Light of Islamic Investment Principles. I-IECONS E-Proceedings, 10(1), 991–1007. https://doi.org/10.33102/iiecons.v10i1.562805-474110.33102/iiecons.v10i1.56https://epiiecons.usim.edu.my/index.php/eproceeding/article/view/56https://oarep.usim.edu.my/handle/123456789/1715010th INTERNATIONAL ISLAMIC ECONOMIC SYSTEM CONFERENCE 2023 (I-iECONS 2023) : “Sustainable Development through Innovative Economic Transformation” /Editors : Amalina Mursidi, Agoos Munalis Tahir, Suhaida Herni Suffarruddin, Norfhadzilawati Rahim, Murad Ali Ahmad Al-Zaqeba, Muhammad Iqmal Hisham Kamaruddin Conference Dates: August 14 2023 | Conference Location: Millennium Makkah Al Naseem Hotel Mecca Saudi Arabia Organized by Faculty of Economics and MuamalatThis study aims to highlight the social role that Islamic investment funds can play, dispelling the traditional view of this industry as mere financial intermediaries to institutions that seek to serve communities, enhance their well-being, and actively contribute to their development. The study also explores potential ways and methods to enhance the social role of Islamic investment funds. While maximizing profitability, these funds aim to foster Islamic communities as an integral part of Islamic investment principles, adhering to all its principles, rules, and objectives. The study has yielded several important results, including the potential for social investment funds to target both primary and secondary markets, and not limited to the latter. These funds operate according to Islamic investment principles and are among the most socially responsible investment tools. The study has identified some innovative social funds that can generate significant benefits for individuals and communities. It proposes several such funds, all of which serve two of the most critical community development sectors: the service sector and the productive sector. Recognizing that the developmental role is incomplete without successful evaluation aimed at enhancing performance and maximizing impact, the study suggests criteria for measuring and assessing the developmental performance and social impact of these funds.otherSocial Investment Funds, Islamic Investment System, Islamic Communities, Economic Development.Article9911007