All God-given resources of the country, both under and above ground, or in territorial waters, or within terrestrial and maritime limits to which the State jurisdiction extends, as well as the revenues accruing therefrom shall be owned by the State as specified by the law. Likewise the law shall specify the means to be employed for the utilization, protection and development of these resources in a manner conducive to the promotion of the State's interest, security and economy . No concessions shall be awarded or permission given for the utilization of the country's natural resources , except as permitted by the law.
Public property is sacrosanct.
It shall be protected by the State and preserved by both citizens and foreign residents. They are private rights that serve a social function in conformity with Islamic Shari'ah. The State shall guarantee the freedom and inviolability of private property. Private property shall be not be expropriated unless in the public interest and the confiscatee is fairly compensated. Collective confiscation of properties shall be prohibited.