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Definition of Hawala
1. Noun. An underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction. "Terrorists make extensive use of hawala"
Generic synonyms: Banking Industry, Banking System
Definition of Hawala
1. Noun. A long-established, informal system of money transfer from India and the Middle East, still in use by migrant workers. ¹
¹ Source: wiktionary.com
Definition of Hawala
1. a type of financial arrangement in Islamic societies [n -S]
Lexicographical Neighbors of Hawala
Literary usage of Hawala
Below you will find example usage of this term as found in modern and/or classical literature:
1. Divide and Rule: State-Sponsored Ethnic Violence in Kenya by Binaifer Nowrojee, Bronwen Manby, Human Rights Watch (Organization), Africa Watch Committee (1993)
"The Minister of Defence and Solomon hawala were there. ... THE hawala APPOINTMENT
In October 1990, the government of the Republic of Namibia announced the ..."
2. The Land Systems of British India: Being a Manual of the Land-tenures and of by Baden Henry Baden-Powell (1892)
"... hawala' means a tenure view.—See Statistical Account, vol. vi which is claimed
by the holder but p. 405. not recognized by the ..."
3. Terrorist Financing: Report of an Independent Task Force by Maurice R. Greenberg, William F. Wechsler, Lee S. Wolosky (2002)
"Significantly, al-Qaeda also makes good use of the ancient hawala (or ... There is
nothing inherently illegitimate about the hawala system—it offers ..."
4. A Report on the District of Jessore: Its Antiquities, Its History, and Its by James Westland (1871)
"The hawala tenure may be created by the ... again may create a subordinate tenure
called nim-hawala, and may subsequently create an ..."
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