Shared Ownership illustrates a concept known as fractional ownership, where buyers purchase the right to occupy a unit of real estate over specified periods.
Alcohol serving, dancing spot, loud music and all sorts of haram activities are strictly prohibited in the hotel. Thus, the profit/ munafa earned from this hotel is completely Shariah compliant.
A Slot is a share of the hotel’s ownership. Investors can either withdraw annual profit of their slots or each year enjoy 7 days & 7 nights of hotel accommodation completely free at Cox’s Bazar beach Club.
Yes, the ownership is lifelong. However, the slots can be resold at your convenience after the handover, in which case, profit in flow will also be transferred.
Yes. During your stay at Cox’s Bazar Beach Club, you will have access to all the amenities offered by the hotel.
No, you can only stay once a year for 7 days & 7 nights and be excluded out of profit share for that year only.
No, during the year you stay you enjoy accommodation benefits. On the years that you do not stay, you earn profit share.