Hawala, a system of informal money transfer based on trust that is practiced throughout the Muslim world, has received a large amount of negative attention after 9/11. It has come under considerable ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who ...

Hawala is an informal, trust-based money transfer system that operates without banks or formal records. Hawala, the centuries-old money transfer system, is as fascinating as it is controversial.

An ancient and sophisticated anonymous banking practice is facilitating the payment of jihadists' salaries in Iraq and Syria via a European network to avoid detection by authorities, according to ...

Hawala is an unofficial method of sending money that doesn't depend on banks or formal financial systems. Instead, it operates through a network of money brokers known as hawaladars, who manage the ...