Islamic Investment Mechanisms in Promoting Corporate Social Responsibility and Sustainable Development in Muslim Societies

Abstract

This study seeks to promote the concept of Islamic investment and highlight the ability of the Islamic investment system, in accordance with Islamic Shari’ah, to develop societies and achieve comprehensive development. According to the principles and objectives of Islamic investment, social development is directly impacted by most Islamic investment operations, which are social projects that seek to transform economic returns into social returns. Furthermore, this study aims to emphasize that Islamic investment seeks to serve societies and their well-being and to build the national economy to constitute a fundamental pillar and a strong factor in sustainable development, rather than merely serving individuals. It also aims to highlight the relationship between Islamic investment and Maqasid Shari’ah. It also explores ways to activate the role of Islamic investment in promoting social development.