Welcome to SomaliNet Forums, a friendly and gigantic Somali centric active community. Login to hide this block

You are currently viewing this page as a guest. By joining our community you will have the ability to post topics, ask questions, educate others, use the advanced search, subscribe to threads and access many, many other features. Registration is quick, simple and absolutely free. Join SomaliNet forums today! Please note that registered members with over 50 posts see no ads whatsoever! Are you new to SomaliNet? These forums with millions of posts are just one section of a much larger site. Just visit the front page and use the top links to explore deep into SomaliNet oasis, Somali singles, Somali business directory, Somali job bank and much more. Click here to login. If you need to reset your password, click here. If you have any problems with the registration process or your account login, please contact us.

Warya: Making Deposits in Somali Hawalas

Daily chitchat.

Moderators: Moderators, Junior Moderators

Forum rules
This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
OUR SPONSOR: LOGIN TO HIDE
User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 7:45 am

Bro, how safe is it to deposit large sums of money in Somali hawalas ? Are some better than others ? I got a nice chunk of change that I need to park somewhere but due to Somali being cut off from the international banking system, I can't transfer it to my bank account. Short of carrying it out in cash or sending it via Hawala to myself and then being flagged for investigation, where can I park it ?

After what happened to QaranExpress, I am wary of hawalas. Is Dahabshiil the safest bet ?

User avatar
waryaa
SomaliNet Super
SomaliNet Super
Posts: 5874
Joined: Mon Apr 30, 2001 7:00 pm

Re: Warya: Making Deposits in Somali Hawalas

Postby waryaa » Thu Mar 15, 2012 8:36 am

I'd say transfer it to UAE via hawala. Then you have the option to transfer it to your bank account via wire transfer or open an acc. in Dubai. Remember uncle Sam and other anti money laundering agents will be on your tail as soon as you start transferring large sum of money. It must be justifiable :) If it is a lot of cash, PM me.. lol

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 8:50 am

Warya,

UAE ain't no cake walk no more I am told. The transactional costs of operating in Somalia are high.

User avatar
greenday
SomaliNet Super
SomaliNet Super
Posts: 12366
Joined: Wed Jul 28, 2010 10:31 am
Location: Ruux bukaanka ku nacay, adoo bahan katagay....Ala barasho, barasho wacanaa!

Re: Warya: Making Deposits in Somali Hawalas

Postby greenday » Thu Mar 15, 2012 9:07 am

Well hadan meesha ka keente sheegikarin :mrgreen: Kala dir lacagta to people in the west and they put into ur bank.

As for xawaalad Dahabshiil, that were my family have their money, heard its safe :up:

User avatar
waryaa
SomaliNet Super
SomaliNet Super
Posts: 5874
Joined: Mon Apr 30, 2001 7:00 pm

Re: Warya: Making Deposits in Somali Hawalas

Postby waryaa » Thu Mar 15, 2012 9:11 am

UAE route works - I approve this message :) If you want to keep it in the country, I'd say put 30% in Dahabshil, 30% in Amal and the rest between some vault in a family owned business and your home.

ZahraWadani
Posts: 87
Joined: Wed Mar 14, 2012 11:18 am

Re: Warya: Making Deposits in Somali Hawalas

Postby ZahraWadani » Thu Mar 15, 2012 9:11 am

Why can't you just wire it to someone's back account ...

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 9:27 am

Warya,

What are the requirements to open an account in the UAE ? I don't trust AMAL, they are Dahabshiil's last remaining major competitor and you know how Dahabshiil's competitors suffer misfortune ?

User avatar
Thuganomics
Posts: 14077
Joined: Wed Sep 08, 2010 12:56 pm
Location: Arguments gain nothing but resentment, Disscussion however creates learning

Re: Warya: Making Deposits in Somali Hawalas

Postby Thuganomics » Thu Mar 15, 2012 9:34 am

I don't trust AMAL, they are Dahabshiil's last remaining major competitor and you know how Dahabshiil's competitors suffer misfortune ?
:lol: :lol:
I blame Dahabshiil

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 9:39 am

Thuganomics,

Dahabshil is financing El Nino :down:

User avatar
Thuganomics
Posts: 14077
Joined: Wed Sep 08, 2010 12:56 pm
Location: Arguments gain nothing but resentment, Disscussion however creates learning

Re: Warya: Making Deposits in Somali Hawalas

Postby Thuganomics » Thu Mar 15, 2012 9:41 am

Thuganomics,

Dahabshil is financing El Nino :down:
:lol: :lol:

User avatar
UlteriorMotive
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 1706
Joined: Mon Sep 26, 2011 7:12 pm
Location: This be the realest shit I ever wrote

Re: Warya: Making Deposits in Somali Hawalas

Postby UlteriorMotive » Thu Mar 15, 2012 9:46 am

I want in on this.

AW holla at me via pm.

Also...people have accounts in Somalia? And these accounts are reliable?

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 9:50 am

Ulterior,

Dahabshil is very reliable. You can deposit or withdraw at any location provided you have a reference if you are drawing from a place outside your home branch. They even give you cheques.

User avatar
UlteriorMotive
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 1706
Joined: Mon Sep 26, 2011 7:12 pm
Location: This be the realest shit I ever wrote

Re: Warya: Making Deposits in Somali Hawalas

Postby UlteriorMotive » Thu Mar 15, 2012 9:56 am

Wow

I didn't know that. What are the costs?

Sxb all these hawalas go up and down. At one point Barakat was very reliable.

As we saw recently with the new US regulations...the fortunes of xawala companies lie on weak foundations.

User avatar
AbdiWahab252
SomaliNet Super
SomaliNet Super
Posts: 56632
Joined: Mon Jul 14, 2003 7:00 pm
Location: Unity. Strength. Capital.

Re: Warya: Making Deposits in Somali Hawalas

Postby AbdiWahab252 » Thu Mar 15, 2012 1:35 pm

Ulterior,

No costs except for $5 to buy the starter cheques. You can withdraw your money from any Dahabshiil worldwide.

I love my 3piano Dahabshiil Crew :up:

User avatar
Daff
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 2983
Joined: Wed Nov 09, 2011 2:25 am
Location: Xaga aad Ujeedaa Mala waa Xidigaheee Ninka Xoolo kaa dhacay Ka dacwee Xafiisyada

Re: Warya: Making Deposits in Somali Hawalas

Postby Daff » Thu Mar 15, 2012 10:36 pm

I bought a house in 2002 for $20K, and now someone offered me 150K, but I m holding out for more with security setuation improving I believe the price will only go up. how do ppl move that kind money to overseas without atracting attention from big brother?


OUR SPONSOR: LOGIN TO HIDE

Hello, Has your question been answered on this page? We hope yes. If not, you can start a new thread and post your question(s). It is free to join. You can also search our over a million pages (just scroll up and use our site-wide search box) or browse the forums.

  • Similar Topics
    Replies
    Views
    Last post

Return to “General - General Discussions”

Who is online

Users browsing this forum: No registered users and 12 guests