Hi!! Assalamualaikum, today we are have to update about our next presentation on next week which is Monday, 18 March 2019. Our topic presentation is HIWALAH. Hiwalah is to move, shifting from one place to another. Technically : A debtor passes on the responsibility of payment of his debt to a third party who owes the former a debt. Thus the responsibility of payment is ultimately shifted to a third party. hiwalah is a mechanism which can be usefully employed for settling international accounts by book transfer. This obviates, to a large extent, the necessity of physical transfer of cash. The term was also used, historically, in the public finance during the period to refer to cases where the state treasury could not meet the claims presented to it and it directed its claimants to occupy a certain region for a certain period and procure their claims themselves by taxing the people. The taxes collected and transmitted to the central treasury were known as mahmul (i.e. carried to the treasury) while those assigned to the claimants or provinces were known as muhil. For more details you guys need to watch this slides. We are so excited to present about this topic! Even though we feel a bit nervous 'sangat', because this presentation have will be evaluated by our lecturer :'). We hopes you guys will be enjoy this slides X)... XOXO Please leave comment below about our slides :) #MAYBANK