For the community in the Persian Gulf states, see Huwala.
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Hawala or hewala (Arabic: حِوالةḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in Persian,[1] and xawala or xawilaad[2] in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars). They operate outside of, or parallel to, traditional banking, financial channels and remittance systems. The system requires a minimum of two hawaladars that take care of the "transaction" without the movement of cash or telegraphic transfer. While hawaladars are spread throughout the world, they are primarily located in the Middle East, North Africa, the Horn of Africa and the Indian subcontinent. Hawala follows Islamic traditions but its use is not limited to Muslims.[3]
^"How Iranians are avoiding sanctions". Archived from the original on 2018-07-31. Retrieved 2018-07-31.
^Edwina Thompson (September 2013). "Safer corridors rapid assessment - Somalia and UK banking" (PDF). HM Government. p. 5. Archived (PDF) from the original on 10 October 2015. Retrieved 14 May 2016.
^Vaknin, Sam (June 2005). "Hawala, or the Bank that Never Was". samvak.tripod.com. Archived from the original on 20 September 2017. Retrieved 5 September 2017.
Hawala or hewala (Arabic: حِوالة ḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in...
The Hawala scandal, also called the Jain Diaries case or the hawala scam, was an Indian political and financial scandal involving payments allegedly sent...
Hawala and crime describes notable examples of hawala used in money laundering. Some government officials[which?] assert that hawala can be used to facilitate...
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Kashmir led to a raid on hawala brokers, revealing evidence of large-scale payments to national politicians. The Jain hawala case encompassed former Union...
between drugs and hawala (informal money transfer system) in Afghanistan. The UN analysis is based on interviews with a sample of 54 hawala dealers in the...
Remittance Global ranking of remittance by nations Remittances to India Hawala Informal value transfer system Financial Action Task Force Indian economy...
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cases of the Hawala scandal eventually all collapsed without convictions. Many were acquitted in 1997 and 1998, partly because the hawala records (including...
against the BJP leadership of Kerala for carrying illegal black money (Hawala), which was related to 2021 election. The money was seized at Kodakara....
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anti-corruption activist and conservator of heritage. His exposure of the 1990s Jain Hawala scandal led him to use a public interest petition to apply pressure on the...
Kolkata-based businessman Kashinath Tapuriah and Delhi-based Praveen Kumar using hawala. In January 2011, the then Finance Minister of India, Pranab Mukherjee,...
banks SEB, Swedbank and Nordea started closing the accounts of thirteen Hawala organisations which facilitate the transfer of funds from Sweden to countries...
disseminated information on "informal value transfer systems" (IVTS), including hawala, a network of people receiving money for the purpose of making the funds...
highlight the problems faced by the general public. In 1995, he floated the 'Hawala Party' delighting passers-by with his original poker-faced take on growing...
ethnic group, IVTS are called by a variety of names including, for example, hawala (Middle East, Afghanistan, Indian Sub-Continent); fei ch’ien (飞钱 or "flying...
after serving five years in jail. He also defended L. K. Advani in the Hawala scam. He was in the news for taking up the defence of Manu Sharma, prime...
to a ₹1,000 crore (equivalent to ₹12 billion or US$150 million in 2023) hawala network on 11 August 2020. He was also caught on charges of spying on the...
20 lakh in hawala after the said money was found in his car. The statement eventually led to the Gujarat Police busting a poll-related hawala racket in...
investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf...
services fraud Kickback Match fixing Money laundering Cryptocurrency and crime Hawala and crime Noble cause corruption Professional courtesy Slush fund Tax evasion...
services fraud Kickback Match fixing Money laundering Cryptocurrency and crime Hawala and crime Noble cause corruption Professional courtesy Slush fund Tax evasion...
services fraud Kickback Match fixing Money laundering Cryptocurrency and crime Hawala and crime Noble cause corruption Professional courtesy Slush fund Tax evasion...
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