Encyclopaedia of Islam, Second Edition

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(1,747 words)

, as a financial term, assignation; in Islamic finance, an assignation on a muḳāṭaʿa [q.v.] effected by order of the ruler in favour of a third party. The term is applied both to the mandate for the payment and to the sum paid. It is already established in these senses in ʿAbbāsid finance (see F. Løkkegaard, Islamic taxation in the classic period, Copenhagen 1950, 63-5). In the ʿAbbāsid empire, ḥawāla was widely used in both state and private finances to avoid the dangers and delays inherent in the transport of cash. The mandates were known as suftad̲j̲a [q.v.] or ṣakk [q.v.]. Thus we know tha…

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İnalcık, Halil, “Ḥawāla”, in: Encyclopaedia of Islam, Second Edition, Edited by: P. Bearman, Th. Bianquis, C.E. Bosworth, E. van Donzel, W.P. Heinrichs. Consulted online on 21 March 2019 <http://dx.doi.org/10.1163/1573-3912_islam_SIM_2807>
First published online: 2012
First print edition: ISBN: 9789004161214, 1960-2007

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