The underlying objective of this book is to critically analyze hawalah based transactions and related laws. The study describes the jurisprudence of the doctrine of hawalah from the perspective of Suftaja (bill of exchange). The study looks the legal framework by taking different sets of laws based upon the doctrine of hawalah. The study also draws a line of demarcation between two distinct concepts viz., debt and loan which are wrongly dealt with one and same yardstick while applying in hawalah based transactions. It critically examines that any kind of transaction to be based upon the doctrine of hawalah, should be applied in strict inclination to its jurisprudence, given by the classical Islamic Jurist. Asif Raza keeps solid academic record, with Master’s degree in International Relations (IR) from the University of Peshawar, LLB (Hons) Sharia’h & Law and LLM/M.Phil (Islamic Commercial Law) from International Islamic University Islamabad (IIUI). The auther , is working as a District Relief Coordinator SPARC at District Nowshera. The author is also member of KPK Bar Council and visiting Lecturer at IIUI.