It also defines the establishment of Jewish communities as being in the national interest.
Excluding Arab Christians and Muslim citizens, the law said: "The state of Israel is the national home of the Jewish people, in which it fulfills its natural, cultural, religious and historical right to self-determination".
Yousef Bin Ahmed Al-Othaimeen stressed that this law is racist and illegitimate.
Israeli Prime Minister Benjamin Netanyahu delivered these opening remarks after 3 a.m. on Thursday: "This is a defining moment in the history of Zionism and in the history of the State of Israel".
Given the draconian nature of the bill, it is hardly surprising that it has invited widespread opprobrium, including from Qatar's Foreign Ministry which has expressed strong condemnation.
The law speaks of Israel as the historic homeland of the Jews and says they have a "unique" right to self-determination there, according to copies of the final text quoted by Israeli media.
"By defining sovereignty and democratic self-rule as belonging exclusively to the Jewish people - wherever they live around the world - Israel has made discrimination a constitutional value and has professed its commitment to favouring Jewish supremacy as the bedrock of institutions".
"This Israeli law would not have been issued without the unlimited support provided by successive U.S. administrations to this rogue entity", he said, adding that the Trump administration's recent relocation of the United States embassy to Jerusalem "came as a green light" for Israel "to pursue its aggressive policy and racism".
In Ma'alot-Tarshiha, a municipality in northern Israel which was created by linking the Jewish town of Ma'alot and the Palestinian town of Tarshiha, there was anger among Palestinian residents.
"The objective of this law is discrimination".
Just a week ago a version of the bill explicitly sanctioned discrimination and would have required women and LGBTQ Israelis to sacrifice their rights to accommodate religious sensibilities. Submitted by the mostly-Palestinian Joint List party, the proposed Basic Law sought "to anchor in constitutional law the principle of equality for every citizen, while recognizing the existence and rights of two national groups, Jews and Arabs, who live within the state's internationally recognized borders". The law of nation state adopted during a morning of harsh debates in Parliament openly discriminates against one fifth of population: Arabs who since creation of Israel in 1948 have full formal citizenship.
The controversial law, he added, "means there will no longer be anything preventing the Israeli government from officially supporting the settlements", which are being illegally built on Palestinian land in the occupied West Bank.
Bennett stressed that the Israeli army should do this, pushing the army chief to say: "I disagree with you".
An event on Tuesday created to help British Jews dialogue over how to best support Israel "at times descended into a bad-tempered shouting match between right and left wingers", and "ended with both sides apparently as far apart as ever", reported Jewish News.
Netanyahu has defended the law.
Those of us who care for Israel's long-term future must act for the country's democratic health.
It is imperative that the global community forces the Jewish state to rescind its latest racist legislation.
An official at the ministry told the official SANA news agency the law was an attack on Palestinian rights to their homeland and a violation of worldwide law.
The minister, who is the Government Spokesperson, said the bill contravenes the norms of the worldwide law.