The banking sector in Kuwait is among the most tightly regulated, subject to the oversight of the Central Bank of Kuwait under the provisions of Law No. 32 of 1968 concerning Currency, the Central Bank of Kuwait, and the Regulation of the Banking Profession, in addition to updated financing and credit circulars issued periodically.

 

Taqneen Law Firm offers comprehensive banking and finance legal expertise, covering the needs of banks, finance companies, and large corporate clients, including:

• Drafting and reviewing loan agreements and banking facilities (both short-term and long-term), including bilateral loans, syndicated loans, revolving credit agreements, and Islamic financing in its various forms (Murabaha, Ijara, Istisna’a…).
• Drafting credit guarantees such as real estate or commercial mortgages, share pledges, personal guarantees, bank guarantees, and letters of credit, in compliance with the Civil Transactions Law (Law No. 67 of 1980).
• Providing legal advice on regulatory compliance—especially regarding Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) —under Law No. 106 of 2013, and the directives of the Financial Intelligence Unit of Kuwait.
• Negotiating and restructuring debt settlements with banks or creditors to maintain commercial relationships while preserving legal rights for both parties.
• Full legal support in project finance transactions, including drafting complex contractual frameworks such as revenue-based financing, and risk allocation clauses with third-party guarantees.

 

We are also fully familiar with the Central Bank of Kuwait’s financing programs for small and medium-sized enterprises and provide legal support to help these businesses access funding under a sound legal structure.