State Guaranteed title Deeds is another significant initiative of Afghanistan Land Authority - ARAZI. The intention of the program is to eliminate corruption, simplify, electronize and distribute deeds based on cadaster map and with highest safety services. ARAZI will implement the process of registration and transaction of deeds after signing protocol by H.E President Ashraf Ghani.
In order to achieve this goals, Afghanistan Land Authority – ARAZI signed a memorandum with Al-Madinah Company. Based on the memorandum Al Madinah Company will facilitate and establish the electronic process of registering and executing deeds. The company provides facilities in software, hardware and human resources or as per requirements of the ARAZI.
After the completion and approval of the process by the President of the Republic of Afghanistan, the practical work of the program of the deed will begin with state guarantee. The two key options of this memorandum are investment in public and private partnerships and technical cooperation in the modernization of the process of execution and registration of securities in Afghanistan.
According to this memorandum, Al-Madinah Company will start the first phase of Herat and Kabul provinces with its budget. It is worth mentioning that the draft of this memorandum was submitted to the 10th session of the High Council on Land, Water and environment on 15th Aqrab, solar month, which was approved by president of the country.
The culture of state guaranteed deed is commonplace in some countries. In one hand, it prevents fraud and trickery in the registration of properties, and on the other hand, it ensures state confidence and strengthens the credibility of deeds. In this process, whenever a violation of the registration and execution of the deed happen by the employee of department of the deposits or the customer is damaged, the government guarantees to compensate.
ARAZI intends to maintain a certain percentage of the tax or product of the deal in bank, if the depositor is offended, compensate will be provided from the guarantee deed account. Obviously, the violator in the department of registration and execution of the deed, will be punished in accordance with the law and he/she is required to pay the guaranteed money in accordance with the order of court.