hawala

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English

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Alternative forms

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Etymology

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From Arabic حَوَالَة (ḥawāla, transfer, trust).

Pronunciation

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Noun

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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

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Translations

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See also

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Anagrams

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