I'm arab guy and I used this method several times to transfer money with my family from other Arabic country. You're explanation is exactly accurate and resumes the whole Islamic transfer system. I just want to make some notes that : HAWALA in arabic means "Transfer" not Trust ! and HAWALA DAR means "Transferring house" so people transfer money with the help of transferring houses
It's crazy European countries are now using this system to circumvent the U.S. stranglehold on international trade. Crypto was one option for China, but this is an interesting alternative. Thanks for the explanation.
Hawala is still used today both for cash and electronic transactions (bank wire, crypto, fintech...). The scheme is the same and might be with 4 companies: A, Hawaladar A, Hawaladar B, B. It is an ancient but magnificient mechanism to transact in a world where governments want to have full control.
Plz sir this is my humble request Sir plz make videos on these 2 topics 1)LTCM strategy and its fall 2)Bill ackman 2.8bn$ profit trade last year explained
In the UK hawala is legal as long as the operator abides by the money laundering regulations (MLRs 2017). This means they have to be registered with HM Revenue & Customs, maintain records, conduct KYC and source of funds enquiries.
I am from Uzbekistan and I am using this method of payment to transfer money and making cross payments to suppliers and in trading business it helps us a lot to pay and import the goods in the shortest time.
Hey Aminozuur! Thank you very much you are too kind! I've taken a bit of a break doing videos just due to lots of work on, but am going to start doing a few more soon!
snail mail, carrier pigeon, couriers, etc. or it might even be agreed upon beforehand before travelling. people have been communicating for long before there were telephones or the internet, and in such times many ordinary people may not have had bank accounts as well but needed to transfer money.
Thank you for the explanation.. I want to find out though, how does hawaladar A gets the money out of the country and to the country of Hawaladar B? This wasn't properly explained... for example, if the figures are in millions, since countries don't allow one to come in with millions in cash.
You need to know that there is other hawaladar c and d so hawaladar b goes to lets say hawaladar c and give him the money then the hawaladar a goes to hawaladar d and tell him the password and get the money from him so a and b work togther and c and d work togther i hope you get the idea and you have to put in mind that there is a lot of hawaladars a,b,c,d,e,f,.......etc now you need to understand how the commession works lets say a & b take 2% commession from the customer and give him the money when they want to transfer the money back they to c & d and give them 1% commession to transfer the money so they end up with 1% profit and there is a lot of complicated things in this work like how to give the price of the commession to the customer it depends on the blackmarket price today and the exchange rate and a lot of other factors I myself have a hawala business and this the first time I hear some call the man that works in this job called hawaladar 😂 they are called in arabic محولين وصرافين Mohawwelen or exchangers I dont know why they call them hawaladar
Rather than "chooses a password", it just represents a transaction ID and in practical terms can be a random string such as the serial number of one of the banknotes used for the deposit - a string you can take a photo of.
There are a few podcasts that are finally speaking of this system and method of financial function. Some have already hinted western International organizations Still use this. ⬛◾⬛◾⬛◾⬛◾⬛◾⬛◾⬛◾
For an ancient system I would like to know how they called ahead to communicate the arrangements before the phone or Internet ? It would be no quicker or safer than the sender of a letter and pasword by ship than making the journey himself .or long distance communication transitions are not a modern invention.
I used it before in singapore. It was cheaper and faster than the bank. You needed to take out cash, and tell the remittance office the account and country where you wanted it paid. Next morning, a cash credit was applied to the account in country b.
I'm the worst criminal ever.......a tax evader.........i dont wanna pay taxes for the corrupt politicians and print trillions in government spending that cause inflation :D
Hey Charlie, thank you so much for that. I've been busy with work of late but looking to get back on track with some content soon. I'm on LinkedIn just search for Kieran King :)
I'm arab guy and I used this method several times to transfer money with my family from other Arabic country. You're explanation is exactly accurate and resumes the whole Islamic transfer system. I just want to make some notes that :
HAWALA in arabic means "Transfer" not Trust ! and HAWALA DAR means "Transferring house" so people transfer money with the help of transferring houses
how to use it ?
It's crazy European countries are now using this system to circumvent the U.S. stranglehold on international trade. Crypto was one option for China, but this is an interesting alternative. Thanks for the explanation.
Is it only small amounts that is being handled by hawala agents or is it also larger amounts?
Hawala is still used today both for cash and electronic transactions (bank wire, crypto, fintech...). The scheme is the same and might be with 4 companies: A, Hawaladar A, Hawaladar B, B. It is an ancient but magnificient mechanism to transact in a world where governments want to have full control.
Hi how it works here in Philippines to alfganistan?
So that’s the system western union May have patterned.
Is it only small amounts that is being handled by hawala agents or is it also larger amounts?
@@adz723 Is it only small amounts that is being handled by hawala agents or is it also larger amounts?
So interesting, love learning about other cultures and systems
Thanks. Glad you enjoyed it!
Plz sir this is my humble request
Sir plz make videos on these 2 topics
1)LTCM strategy and its fall
2)Bill ackman 2.8bn$ profit trade last year explained
In the UK hawala is legal as long as the operator abides by the money laundering regulations (MLRs 2017). This means they have to be registered with HM Revenue & Customs, maintain records, conduct KYC and source of funds enquiries.
How do you find hawala in both countries you can trust ?
I am from Uzbekistan and I am using this method of payment to transfer money and making cross payments to suppliers and in trading business it helps us a lot to pay and import the goods in the shortest time.
All your videos are incredibly well explained. I wish I could buy stocks in your subscriber count.
Hey Aminozuur! Thank you very much you are too kind! I've taken a bit of a break doing videos just due to lots of work on, but am going to start doing a few more soon!
Awesome way
How was passed the information in the ancient days fast ?
Perfeft explanation
How does the settling up occur? Do the brokers meet and physically exchange cash? I don't understand this part of the system.
Do hawala agents usually handle large amounts of money or is it only a system regarding smaller amounts?
Thank you bro, the explication was so clear, new sub!💯✔
Cheers Andres!
How did they do this in the days when there were no phone or internet?? e.g. how would the recipient know the sender's password?
Via messenger either runner or horse traveler
snail mail, carrier pigeon, couriers, etc. or it might even be agreed upon beforehand before travelling. people have been communicating for long before there were telephones or the internet, and in such times many ordinary people may not have had bank accounts as well but needed to transfer money.
Here I was thinking Western Union was a Hawala. As we move to more cashless payments in the west. I reckon Hawala will adapt.
How do you find a Hawala dar?
Thank you for the explanation.. I want to find out though, how does hawaladar A gets the money out of the country and to the country of Hawaladar B? This wasn't properly explained... for example, if the figures are in millions, since countries don't allow one to come in with millions in cash.
You need to know that there is other hawaladar c and d so hawaladar b goes to lets say hawaladar c and give him the money then the hawaladar a goes to hawaladar d and tell him the password and get the money from him so a and b work togther and c and d work togther i hope you get the idea and you have to put in mind that there is a lot of hawaladars a,b,c,d,e,f,.......etc now you need to understand how the commession works lets say a & b take 2% commession from the customer and give him the money when they want to transfer the money back they to c & d and give them 1% commession to transfer the money so they end up with 1% profit and there is a lot of complicated things in this work like how to give the price of the commession to the customer it depends on the blackmarket price today and the exchange rate and a lot of other factors I myself have a hawala business and this the first time I hear some call the man that works in this job called hawaladar 😂 they are called in arabic محولين وصرافين
Mohawwelen or exchangers
I dont know why they call them hawaladar
@@hahtyyvvv777👍
Excellent explanation mate! Thanks for that
Glad it was helpful!
@@KINGCADEMY Is it only small amounts that is being handled by hawala agents or is it also larger amounts?
Awesome video!
Thanks for the visit !
You didn’t even mention about how funds get deposited does it just come from thin air
Yes,warm thin desert art.
Rather than "chooses a password", it just represents a transaction ID and in practical terms can be a random string such as the serial number of one of the banknotes used for the deposit - a string you can take a photo of.
Do hawala agents usually handle large amounts of money or is it only a system regarding smaller amounts?
There are a few podcasts that are finally speaking of this system and method of financial function. Some have already hinted western International organizations Still use this.
⬛◾⬛◾⬛◾⬛◾⬛◾⬛◾⬛◾
What is Ip to Ip money transfer?
Are Mr Oli from Oxford online English you channel
Best is Hawala money Transfer process
For an ancient system I would like to know how they called ahead to communicate the arrangements before the phone or Internet ? It would be no quicker or safer than the sender of a letter and pasword by ship than making the journey himself .or long distance communication transitions are not a modern invention.
Do hawala agents usually handle large amounts of money or is it only a system regarding smaller amounts?
Is there a hawala dealer in turkeya todominica republick
Hi
I used it before in singapore. It was cheaper and faster than the bank. You needed to take out cash, and tell the remittance office the account and country where you wanted it paid. Next morning, a cash credit was applied to the account in country b.
Is it only small amounts that is being handled by hawala agents or is it also larger amounts?
I'm from Philippines how it will work here ? Philippines to alfganistan
Is it legal
I wanna be part of this!!
I am looking for Nigeria Kenya hawala
@@joshuamurugami3931 how much u want to send
i heard 3 Indians used this process to send money to alleged members of the Sinaloa Cartel
Lmao
How international drug lords operating in numerous countries get paid
I'm the worst criminal ever.......a tax evader.........i dont wanna pay taxes for the corrupt politicians and print trillions in government spending that cause inflation :D
I am looking for Nigeria Kenya hawala
Hawala does NOT mean trust in Arabic.
transfer it to me
Excomunicado !!!!!
Hi my friend if i got bank account in Mauritius can i use hawala to put money in my acc in Mauritius.throug the hawalda
Makes no sense so how do you deposit 😂
Fatima is my waifu
Money laundering? Just as cryptos nowadays
Hey man, honestly loving the content, was just wondering, do you have a social media? and I'm looking forward to your next upload :)
Hey Charlie, thank you so much for that. I've been busy with work of late but looking to get back on track with some content soon. I'm on LinkedIn just search for Kieran King :)