hawala
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English[edit]
Alternative forms[edit]
Etymology[edit]
From Arabic حَوَالَة (ḥawāla, “transfer, trust”).
Pronunciation[edit]
Noun[edit]
hawala (countable and uncountable, plural hawalas)
- (Islamic finance) A long-established informal system of money transfer from India and the Middle East, still in use by migrant workers.