Hawala Transactions: Exploring the Ethics of Informal Money Transfer

Hawala Transactions: Exploring the Ethics of Informal Money Transfer

  • Case
  • Teaching Notes
Abstract

This case examines the origins and transformation of hawala, an informal method of transferring money that has been in use in South Asia and the Middle East for centuries. The case offers insight into the functioning of hawala, its intricacies, as well as some problems of using it. In recent years, hawala has been declared illegal by various entities, including the governments of India and Pakistan. However, in regions that are outside the realm of global governance, or where formal banking and financial infrastructures are absent, hawala is the only way to safely and efficiently transfer money. In this sense, the case briefly discusses an important economic reality in much of the non-Western world. Through an examination of certain regulations and policies, the case offers ...

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