Economic Principles

Article 14
All God's bestowed wealth, be it under the ground, on the surface or in national territorial waters, in the land or maritime domains under the state's control, are the property of the state as defined by law. The law defines means of exploiting, protecting, and developing such wealth in the interests of the state, its security and economy.

Article 15
No privilege is to be granted and no public resource is to be exploited without a law.

Article 16
Public money is sacrosanct. The state has an obligation to protect it and both citizens and residents are to safeguard it.

Article 17
Property, capital, and labor are essential elements in the Kingdom's economic and social being. They are personal rights which perform a social function in accordance with Islamic Shari'ah.

Article 18
The state protects freedom of private property and its sanctity. No one is to be stripped of his property except when it serves the public interest, in which case fair compensation is due.

Article 19
Public confiscation of money is prohibited and the penalty of private confiscation is to be imposed only by a legal order.

Article 20
Taxes and fees are to be imposed on a basis of justice and only when the need for them arises. Imposition, amendment, revocation and exemption is only permitted by law.

Article 21
Alms tax is to be levied and paid to legitimate recipients.

Article 22
Economic and social development is to be achieved according to a just and scientific plan.