آہ! مولانا محمد عمران خان ندوی الازہری
۲۲؍ اکتوبر ۸۶ء کو یکایک خبر ملی کہ مولانا حافظ محمد عمران خان ندوی ازہری اپنے خاندان والوں کو دل فگار اور اپنے جاننے والوں کو دل گیر چھوڑ کر تہتر (۷۳) سال کی عمر میں اس عالم فانی سے عالم جادوانی کو سدھارے، اس خبر سے جسم و دماغ پر ایک بجلی گر پڑی۔
ان کی موت ایک خاص قسم کی قوت عمل، عزم، ادارہ، خوش انتظامی، خوش سلیقگی، خوش فکری، اور خوش و ضعی کی موت ہے، وہ اپنے پیچھے ایک درس چھوڑ گئے کہ عمل پیہم اور یقین محکم سے کس طرح اہم اور بڑے سے بڑا، کام انجام دیا جاسکتا ہے، بے سرو سامانی میں کیسے کیسے سازوسامان پیدا کیے جاسکتے ہیں، یا س کے عالم میں مخلص کارکنوں کی جماعت کی تنظیم کیسے کی جاسکتی، اور ناداری کے عالم میں بھی وہ کام انجام دیا جاسکتا ہے جو بڑی دولت کے ذریعہ سے نہیں کیا جاسکتا۔
وہ بھوپال کے رہنے والے تھے، ۱۹۴۷ء کے بعد جب بھوپال کا فرماں روا خاندان بھوپال چھوڑ کر دوسری جگہ پناہ گزین ہوگیا تھا تو مولانا عمران خان ندوی نے اپنی قوت ارادی کو بروئے کارلاکر بھوپال کے لوگوں کے دلوں پر اپنی فرماں روائی شروع کردی اور یہ نمونہ پیش کیا کہ تاج و تخت کے بغیر بھی اخلاص کی پاکیزگی، نیت کی طہارت اور عمل کی پختگی کے ساتھ فرماں روائی ہوسکتی ہے۔
انھوں نے تاج المساجد کی تعمیر جس طرح ازسرنو کی اور اس کی زینت و آرایش میں جس طرح اضافہ کیا، اور پھر اس کے ذریعہ سے جو دینی حمیت اور ایمانی حرارت پیدا کی، وہ ایسا کارنامہ ہے کہ دنیا کی بڑی مسجدوں کی تعمیر کی جب تاریخ لکھی جائے گی تو ان کا نام نامی بھی اس تاریخ میں ضرور لکھا جائے...
Rectification is a terminology of Islamic Studies which means corrections of mistakes, completion of deficiency and clarification of ambiguity, it is a very special Quality of Islam due to its impacts and importance. Rectifications of Honourable Muslim Scholars on one another is a source for the innocency of this Ummah, here is the example of Rectification in the era of Sahahaba رضي الله عنهم and Tabieen and later, while the book of Eimam Al Hakim “Al Mustadrak Ala Sahehain” is an example of rectification at the time of Tabieen; in which he collects the narrations missed by Imam Bukhari and Imam Muslim in their books Saheeh Bukhari and Saheeh Muslim. The Honourable scholars follow this way in all the disciplines of Islamic Studies especially in the field of Tafseer because they had rectifications on one another in their explanation of the Holy Quran. As for example Eimam Al Sayuti (911 AH) and Emam Aalusi (1270 AH) has rectifications in their explanations of Holy Quran on the Tafseer of Eimam Fakhr uddin Al Razi “Tafseer ul Kabeer”, while in our era Shaikh Ghulam Rasool Saeedi (1437 AH) follow the same way, and most of his ratifications in his Tafseer “Tibyan ul Quran” is related to Imam Razi. One thing which is unforgettable is that, these Scholars have maintained respect of personalities and opinions, furthermore they were mostly impartial in their research as well as tolerant while dealing with these issues even having different schools of thoughts etc. Their difference did not make them discourteous or impolite.
SECP was created to succeed the Corporate Law Authority, which was an attached Department of the Ministry
of Finance. The process of restructuring the Authority was initiated in 1997 under the Capital Market
Development Plan of the Asian Development Bank (ADB). Securities and Exchange Commission of Pakistan Act
was passed by the Parliament and promulgated in Dec. 1997. In pursuance of this Act, the Securities and
Exchange Commission of Pakistan, having autonomous status, became operational on Jan. 1 1999. The Act gave
the organization the administrative authority and financial independence to carry out the reform program of
Pakistan's capital market with the assistance of the ADB. Powers of the Commission have been delegated to the
individual Commissioners and Appellate Benches, as envisaged in the Act.
There is great work done on performance of stock markets around the globe and also some work done on
regularity impact but there is no concrete work done in Pakistan to investigate the role of SECP from investors'
perspective in stock markets. There is also no methodology to check the performance of regulator except IOSCO
methodology in which by using qualitative approach stake holders' opinion through questionnaires and
interviews can be ascertained. So the researcher got the stake holders' opinion/view through questionnaires
and discussion while getting the questionnaire filled. There were 40 questions and all questions were close
ended to investigate the role of Securities & Exchange Commission of Pakistan from investors' perspective in
Stock Market.
These questionnaires were got filled from all four stake holders to know the point of view of investor, broker,
agent and regulator as well. Every question was analyzed in depth, every question was analyzed stake holder
wise, city wise and answer wise along with percentage of every section.
The research found that SECP is playing very positive role in stock market not only from investors' perspective
but also from government point of view. Since the SECP came into action there is remarkable time decrease in
registration of company, it was very good feeling to know that 100% of all stake holders replied that SECP
officials never asked them for any type of gift/bribe or any other favor. SECP has open door policy and any
complainant can come and can lodge complaint against any person. SECP has a number of qualified individuals
on its payroll who are being paid market based salaries and are fully equipped to monitor stock markets on
daily basis.
During discussion with people while getting the questionnaire filled it was found that most of the investors
don't know their rights and duties as an investor and that is the major cause of their loss if any in stock markets.
Investors don't inquire completely before investing in a particular stock/security. Most of the people have never
seen the audited financial statements of the company in which they are going to invest, they simply try their
luck and want to make hay while the sun shines.