A hawala that involves the transfer of the right to claim from one creditor to another. The new creditor replaces…
With respect to debts, hawala refers to the transfer of debt from one party (the transferor, or muheel) to another…
Arabic (المØتال عليه) for the party accepting the debt (dayn/ dain- دين) liability that needs to be discharged or repaid...
The transfer (assignment/ hawala) of debt from one party (the debt transferor, or muheel) to another (the payer, debt obligor...