Definitions for "Hila"
a transaction structured to appear permissible, but which in fact circumvents the Sharia'a. For instance, a contract of sale, which is permissible, which is matched to a contract selling the same goods back to the original seller at a higher price. In this case the two sales contracts are on the surface permissible. But, the transaction composed of the two is a factual loan of money at interest.