Its aim is to achieve economic and social development that will lead to increased production and a higher standard of living for citizens, in accordance with the State s general plan and within the limits of the Law. Freedom of economic activity is guaranteed within the limits of the Law and the public interest, in a manner that will ensure the well-being of the national economy. The State encourages saving and oversees the regulation of credit. All natural resources are the property of the State, which safeguards them and ensures that they are properly utilised while taking into account the requirements of State security and the interests of the national economy. No concession may be granted, nor may any of the country s public resources be exploited, except in accordance with the Law and for a limited period of time, and in such a manner as to preserve national interests.
Public property is inviolable.
The State shall protect it, and citizens and all other persons shall preserve it. Private property is protected. No-one shall be prevented from disposing of his property within the limits of the Law. Nor shall anyone s property be expropriated, except for the public benefit in those cases defined by the Law and in the manner stipulated by the Law, and on condition that the person whose property is expropriated receives just compensation for it. Inheritance is a right governed by the Shariah of Islam.