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Definition of Hawala
1. Noun. An underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction. "Terrorists make extensive use of hawala"
Category relationships: Act Of Terrorism, Terrorism, Terrorist Act
Generic synonyms: Banking Industry, Banking System
Generic synonyms: Banking Industry, Banking System
Definition of Hawala
1. a type of financial arrangement in Islamic societies [n -S]
Lexicographical Neighbors of Hawala
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