In Islamic finance law, there are two forms of the Hawalah contract: Hawala al-Dayn, which involves the transfer of debt obligations, and Hawala al-Haqq, which pertains to the transfer of rights regarding a debt. This contract is endorsed by the AAOIFI Shariah Standard No. 7. Hawala al-Dayn involves the transfer of a debt from one person to another, with the consent of the new debtor who assumes the responsibility for repaying the debt. Hawala al-Haqq represents the substitution of the original creditor with a new one, who becomes the holder of the debt claim.