Abstract:We predict the amplitude of the B → Kℓ + ℓ − decay in the region of the dilepton invariant mass squared 0 < q 2 ≤ m 2 J/ψ , that is, at large hadronic recoil. The B → K form factors entering the factorizable part of the decay amplitude are obtained from QCD light-cone sum rules. The nonlocal effects, generated by the four-quark and penguin operators combined with the electromagnetic interaction, are calculated at q 2 < 0, far below the hadronic thresholds. For hard-gluon contributions we employ the QCD factorization approach. The soft-gluon nonfactorizable contributions are estimated from QCD light-cone sum rules. The result of the calculation is matched to the hadronic dispersion relation in the variable q 2 , which is then continued to the kinematical region of the decay. The overall effect of nonlocal contributions in B → Kℓ + ℓ − at large hadronic recoil is moderate. The main uncertainty of the predicted B → Kℓ + ℓ − partial width is caused by the B → K form factors. Furthermore, the isospin asymmetry in this decay is expected to be very small. We investigate the deviation of the observables from the Standard Model predictions by introducing a generic new physics contribution to the effective Hamiltonian.