Waqf is considered as an Islamic social finance tool that can contribute effectively to the society. This paper examines the impact of Waqf investments on human development, namely, education and the health sector in Qatar[1]. An imperial analysis and quantitative method will be used in this paper to analyze and test the variables and discuss the findings thoroughly. Also, the study supposes that developing effective investment tools such as Sukuk Waqf, which combines the flexibility of Sukuk and the sustainability of Waqf. In addition, ETFs -Waqf model[2] will increase the contribution to the Waqf sector. Finally, one of the limitations of this research is that it conducts the case of Qatar, which may not be generalizable and require more evidence from different countries.