Orphans are among the groups that have historically received a high level of social solidarity in providing care, honoring them, and safeguarding their rights, especially their financial rights, such as the appropriate investment and development of their funds in accordance with Sharia’ principles. the Foundation of orphans' Funds Development and Administration is considered the legal guardian of the funds of orphans that fall under its jurisdiction. Investing and developing these funds contributes to economic and social development and supports the establishment of developmental projects. These funds also cover the operational expenses of the Foundation that holds guardianship over them.
Although these funds belong to a specific segment of society, the orphans who require care and financial support, they are also afforded the legal protections granted to public funds, because of their multiple sources and the state’s contribution to them. Therefore, the body responsible for managing and investing these funds must demonstrate a high degree of efficiency and strict adherence to the required Sharia’ standards as well as the legal regulations governing investment. This includes protecting the funds, safeguarding them from risks, preventing misuse or waste, and ensuring that those responsible uphold the values of integrity, the principles of transparency and clarity, and the systems of oversight, accountability, and auditing in their operations.
