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 Sokouk
Al-Intifa'a
Sokouk Al-Intifa’a is the right that entitles all Muslims
from around the world regardless of their nationalities, to
obtain a residential suite in
Zamzam
Tower which is located in the proximity of the Holy mosque in
Mecca. This Sokouk Al-Intifa’a is developed by Munshaat
Real Estate Company to be fully compatible with Islamic
sharia’a principles.
Sokouk Al-Intifa’a enable its owner to obtain the utilization
right of a residential suite for a periodical part of the year
and for 24 years. Benefiting from this, the beneficiary will pay
the value of this deed in advance and agrees to pay the annual
charges for maintenance and managerial services.
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Features
of the Sokouk Al-Intifa'a |
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Enable the widest majority possible of Moslems to make
their dream come true in visiting the Holy Mosque in
Mecca every year and live close to the Holy Kabaa. |
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Make
the beneficiaries enjoy unique hotel services throughout
the validity of the deeds at a low cost. |
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Facilitate acquisition of deeds in an easy cost
effective way. |
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Enable
the use of housing services from
Zamzam
Tower, which stands close to the Holy Mosque in
Mecca. |
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Bequeath the right to benefit from the Sokouk to next of
kin in the event of death. |
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Provide high value-added service through a specialized
company assigned to managing “Sokouk Al-Intifa’a”
through a point-score system granting the deeds high
flexibility through:
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Ability to offer the right of use of the Sokouk to
others for one or more years.
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Possibility to sell or lease the Sokouk.
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Changeability of the duration of the Sokouk or related
housing units.
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Optional transfer of the right of use of the Sokouk to
one following year.
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