hawala

English

Alternative forms

Etymology

From Arabic حَوَالَة (ḥawāla, “transfer, trust”).

Pronunciation

  • IPA(key): /həˈwɑːlə/

Noun

hawala (countable and uncountable, plural hawalas)

  1. (Islamic finance) A long-established informal system of money transfer from South Asia and the Middle East, still in use by migrant workers.

Derived terms

Translations

See also

Anagrams

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.