What is the meaning of Islamic finance?

Updated Jun 4, 2018. Islamic finance refers to the means by which corporations in the Muslim world, including banks and other lending institutions, raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law.

What is finance?

What is Finance? - Definition, Overview, Types of Finance What is Finance? Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. There are three main types of finance: (1) personal, (2) corporate, and (3) public /government.

What is International Finance?

International finance is the study of flow of funds between individuals and organizations beyond national boundaries and developing the methods to handle these funds more effectively.

Which financial institutions provide the required finance to industry?

Even LIC, GIC and State Finance Corporations provide the required finance to industry. (i) Funds are available at a reasonable rate of interest for modernisation, expansion and rationalisation of schemes. (ii) Both equity capital as well as long-term loan facilities are available. These institutions also provide underwriting facilities.