The banking sector is developing rapidly in Afghanistan.

A highly regulated and evolving sector, financial institutions face a wide range of operational, regulatory, and legal challenges. 

Kakar Advocates are at the forefront of banking and finance law.

Our attorneys have in-depth expertise in virtually all aspects of banking law, including:

• General legal advice, such as corporate governance, regulatory capital, liquidity and leverage.
• Reporting and compliance, including Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) systems and practices.
• Drafting and/or review of financial arrangements, project finance, and related transactions.
• Design and development of assets and liabilities-related policies and procedures. 
• Islamic Banking, including assisting Shariah-compliance and conversion of a conventional bank into an Islamic bank.
• Related litigation services, such as recoveries, foreclosures, and repossessions, as well as financial dispute resolution and representing financial intuitions before the court.

Kakar Advocates provides in-depth expertise to conventional banks, Islamic banks, banks with an Islamic window, and non-banking financial institutions (NBFIs).

We review finance contracts for consistency with Afghan laws and sharia principles, advise on international best practices, and consult on policies and strategy.

Kakar Advocates is highly regarded in Afghanistan’s banking sector. Managing Partner, Kawun Kakar, served as Chairman of the Board of Supervisors to a state-owned commercial bank. Our Senior Legal Advisor also served as General Counsel and Director of the Secretariat of the Central Bank. 

Our experts have:

• Advised the Central Bank of Afghanistan on the banking legal and regulatory framework to enable greater levels of financial intermediation. 
• Completed a comprehensive review of the existing legal framework to identify challenges faced by the private sector in addressing Islamic finance issues.
• With our strategic partner, engaged in a comprehensive study of the mortgage and foreclosure law and practice in Afghanistan.