The Partners

A senior team. Long horizons. Aligned interests.

Our partners have spent careers building and operating businesses across real estate, construction, trade and services in Afghanistan — and they invest their own capital alongside the group.

Chairman & Founding Partner

Ruhullah Sharifi

Founded Qamar Capital Group in 2015. Two decades of leadership across real estate, construction and trading businesses in Afghanistan, with prior senior roles in regional investment platforms. Chairs the Investment Committee.

Ruhullah has overseen capital allocation across multiple cycles — from the firm's first developments in Kabul to its current platform across real estate, construction, trade and services. He sits on the boards of the group's operating companies and is an active patron of education and humanitarian initiatives across Afghanistan.

MBA, Kabul University · BSc Economics, Kabul University

Chief Executive Officer

Zwak Malakzai

Leads the firm's strategy, group operations and capital allocation. PhD Economics, previously a senior executive in regional banking and corporate finance.

Zwak joined Qamar Capital Group in 2017 after fifteen years in banking and corporate finance. He is responsible for firm-wide strategy, partner development and the integration of the group's operating pillars across real estate, construction, trade, telecommunications and services.

MBA, Rana University · MSc Finance, Kabul University

Marketing Director

Amanullah Darwish

Leads construction and project delivery across the group, including buildings, civil works and infrastructure for public and private clients.

Amanullah runs the group's construction and project-delivery platform from Kabul. He has spent nearly two decades delivering buildings and civil works across Afghanistan, and chairs the group's project-review committee.

MSc Civil Engineering, Kabul University

Managing Director

Fahim Mangal

Leads deal sourcing and execution across the group's strategic-investment platforms, with a focus on trade, telecommunications and services.

Fahim joined Qamar Capital Group to drive origination and underwriting across the group's operating sectors. He has executed transactions across trade, services and infrastructure, and works closely with the partner group on portfolio-company value creation.

MBA, Kabul University · BSc, Khost University of Business

Our Governance

How decisions are made.

The architecture that ensures every commitment carries the same standard of judgement, regardless of size or sector.

Senior-led

Every commitment of capital — large or small — is reviewed and approved by the same senior partners who founded this firm. No committee by proxy. No delegation of conviction.

Aligned

Each partner has meaningful personal capital invested alongside the firm. We carry the same outcomes our partners do, on every position.

Continuous

Our partner group has been together, on average, for more than a decade. Continuity is not an aspiration — it is the operating model.

Accountable

The Investment Committee meets weekly, the Risk Committee meets monthly, and every position is reviewed annually with the discipline of an institutional house.

Investment Committee

Every commitment of capital — large or small — is reviewed and approved by the same senior partners who founded this firm. No committee by proxy. No delegation of conviction.

The Wider Team

Hundreds of professionals. One culture.

Beyond the partner group, Qamar Capital Group employs hundreds of operating, project and corporate professionals across its group companies in Kabul and across Afghanistan — including dedicated teams in development, construction, trade, telecommunications, services, risk, legal, compliance and finance.

We hire deliberately, train continuously and promote from within. The average tenure of our senior professionals is more than seven years — a number we believe says as much about the firm as any financial figure.