from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. a hawala broker
Sorry, no etymologies found.
In the hawala system, funds are transferred by customers to a hawala operator, or "hawaladar," in the United States, and corresponding funds, less any fees, are disbursed to recipients in another country by hawaladar associates in that location.
For a view of the hawala system from the vantage point of a diaspora hawaladar, see S.M. Hanifi (2006), wherein citations to additional hawala literature can be found. back
The hawaladar then contacts a hawaladar in Country B and tells him to deliver the cash to a person in Country B.
A person in Country A gives money to a local hawaladar—an unofficial banker that handles hawala transactions.
But all these marvelous inventions are still short of tracking Osama bin Laden in the mountains of Pakistan or Afghanistan and to follow, like PROMIS, the passage of money to terrorists by an ancient Muslim "hawala" human contact network, based on full confidence of the sender, the receiver and the "hawaladar", the money handler.