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.
Features Of Sokouk Al-Intifa’a
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.
Make the beneficiaries enjoy unique hotel services throughout the validity of the deeds at a low cost.
Facilitate acquisition of deeds in an easy cost effective way.
Enable the use of housing services from Zamzam Tower, which stands close to the Holy Mosque in Mecca.
Bequeath the right to benefit from the Sokouk to next of kin in the event of death.
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:
Ability to offer the right of use of the Sokouk to others for one or more years.
Possibility to sell or lease the Sokouk.
Changeability of the duration of the Sokouk or related housing units.
Optional transfer of the right of use of the Sokouk to one following year.
