The <a rel="noreferrer noopener" Ministry of Justice in cooperation with the Industrial Development Fund announced the launch of the electronic documentation of the mortgage of objects through the Najez portal. The ministry explained that the mortgage document is an executive document to which the provisions of the relevant regulations apply, and specified several steps to complete the documentation, namely:

<1- Issuing an application for the beneficiary at the Industrial Development Fund.

2.

2- The beneficiary logs in to the Najeez portal.

3- Select the mortgages service from notarization.

4- Issuing the pledge document immediately after the beneficiary approves the pledge and notifies the parties. <5- Selecting the application and approving or rejecting it.

Benefits of the Electronic Mortgage Documentation Service

<The Ministry of Justice, through its official Twitter account, emphasized that there are several benefits of the electronic mortgage documentation service as follows:

1- Integration with the financing entities «Mortgagee«.

<Increase data accuracy and validity. 3- Facilitate the procedures for documenting and approving the mortgage electronically.

Electronic Mortgage Services

The Ministry of Justice has provided four electronic mortgage services that enable the beneficiary to document the mortgage and cancel the mortgage without going to the notary, in addition to the real-time verification of the status of the mortgage electronically and the service of displaying the mortgages to the beneficiary in his account through the Najez portal.

The Ministry of Justice has provided four electronic mortgage services that enable the beneficiary to document the mortgage and cancel the mortgage without going to the notary's office. <The Ministry pointed out that the four services are characterized by the correctness and accuracy of the data; where the mortgage request is created through the Industrial Development Fund and the request is referred to the beneficiary for approval or rejection through the Najiz portal. The mortgage document is issued after the approval of the beneficiary (current) directly through the Najez portal, so that the mortgage document is considered an executive document to which the provisions of the relevant regulations apply.

The Ministry pointed out that the four services are characterized by the correctness and accuracy of the data.

View Documented Mortgages

The beneficiary can view all documented mortgages at the Ministry of Justice at any time, in addition to the real-time "Mortgage Verification" service, where entities and individuals can verify the authenticity of the mortgage document and the status of the mortgage electronically through the Najez portal.

The "Release of Mortgage" service is one of the modern services that enable the Industrial Development Fund (mortgagor) to release the existing mortgage with the Ministry of Justice on the beneficiary electronically if the mortgage is settled, in addition to notifying the beneficiary and updating the status of the mortgage directly on the list of mortgages in the Najez portal with the beneficiary.