Looking for the meaning of the word HAWALA in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of HAWALA with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Hawala
Speech Type: Noun
Etymology:
from Arabic ḥawāla, literally ‘assignment, bill of exchange’
Audio Pronunciation:
Phonetic Spelling:
haˈwɑːlə
Dialects: British English
Definition:
a traditional system of transferring money used in Arab countries and South Asia, whereby the money is paid to an agent who then instructs an associate in the relevant country or area to pay the final recipient.
Short Definition:traditional system of transferring money used in Arab countries and South Asia
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