قاضی زین العابدین
میرٹھ کے عالمِ دین قاضی زین العابدین ایک بڑے اسلامی مصنف بھی تھے۔ادارہ ندوۃ المصنفین سے ان کی عظیم وضخیم کتاب تاریخ مِلّت تین حصّوں میں شائع ہوچکی ہے،پہلا حصّہ نبیؐ عربی، دوسرا حصّہ خلافت راشدہ اور تیسرا حصّہ خلافت بنوامّیہ پرتھاجوعلمی حلقوں میں مستند وپسندیدہ ہیں۔قبلہ اباجان حضرت مفتی عتیق الرحمان عثمانیؒ سے ان کو خصوصی لگاؤ وانس تھا۔ ان کانام جب بھی لیتے تعظیم و تکریم سے ہی لیتے۔
دارالعلوم دیوبند کی مجلس شوریٰ کے ممبر تھے۔جمعیۃ العلماء ہندسے وابستہ تھے۔حضرت مولیٰنا اسعد مدنی صاحب،حضرت مفتی عتیق الرحمان عثمانیؒ کی ہمیشہ ہی عزت و تکریم کرتے تھے۔جب جمعیۃ العلماء ہندکے سلسلے میں مولیٰنا اسعد مدنی سے حضرت مفتی صاحب کے بعض معاملات میں اختلافات ہوئے تب بھی یہ دونوں بزرگ ہمیشہ ہی حضرت مولیٰنا مفتی عتیق الرحمان عثمانیؒ کاادب ولحاظ کرتے تھے اور عزت و تکریم میں ہمیشہ ہی بازی لے جانے کی کوشش کرتے۔
مولیٰنا قاضی زین العابدین صاحبؒ قبلہ ابّاجان مفکّرِ ملّت حضرت مفتی عتیق الرحمان عثمانیؒ کے شیدائی تھے اور میرے بھائی نجیب الرحمان عثمانی کے سسرالی رشتے کے بزرگ بھی تھے۔ حضرت مفتی شوکت علی فہمیؔ (اﷲ تعالیٰ ان کی عمر دراز اورصحت و تندرستی عطا فرمائے)کے عزیز خاص تھے۔ان کے انتقال سے علمی ودینی حلقوں میں صف ماتم بچھ گئی ہے۔ ابھی حضرت مولیٰنا قاضی سجاد حسین صاحب ،حضرت مولانا محمد تقی امینی اور مولیٰنا ابواللیث کاصدمہ ہی ہرا تھا، ان کی وفات سے ہمارے آنسو خشک نہ ہوئے تھے کہ برہان کوان کی وفات کاعظیم صدمہ ہوگیا۔
ادارہ ندوۃ المصنفین دہلی حضرت مولیٰنا منّت اﷲ رحمانی (امیر شریعت بہار) اور حضرت مولیٰنا قاضی زین العابدین صاحبؒ کے انتقال پُرملال پرخود اپنے سے، ملّت اسلامیہ سے اور تمام لواحقین سے اظہار تعزیت کرتے ہوئے دعاگو ہے کہ اﷲ تعالیٰ انھیں کروٹ کروٹ جنّت نصیب فرمائے۔آمین۔
[اپریل ۱۹۹۱ء]
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Dealings of the Holy Prophet (S.A.W) with non-Muslim show that Islam is the religion of peace, brotherhood, religious tolerance, independence and humanity. Before the spread of Islam the conversations and dealings of the Holy Prophet with non-Muslims forced them to call him Al-Sadiq and Al-Ameen. Sympathy and tolerance in clandestine and public preaching, the style of letters to non-Muslim empires, the dialogues with non-Muslim delegations in Madani era, the orders given for the safety of their wealth, belongings and their life, the tolerance, forgiveness and prayers for the enemies, the good behavior with the non-Muslim prisoners, even when Muslims got dominance over non-Muslims at the time of the conquest of Makkah, the common pardon given by Holy Prophet (S.A.W) are the true example that Islam preaches peace. The attitude of Sahaba-e-Karam (R.A) and the liberty of rights given to Non-Muslims by them- no religion and no community of the World can give this example. The people responsible for maintaining the peace of the world and brotherhood should see how Muslims are treated all over the world? Muslims had given to non-Muslim permission to practice their religious festivities freely and even to wear any type of clothes. The ban of Hijab in France, the punishment of innocent Dr. Afia Siddiqui, the Egyptian pregnant woman (Marwa Sharbeney) had been mercilessly assassinated and her husband injured by knives in the court of Germany because of Hijab, the discussions going on to restrict the domes of Mosques and Adhan (Call to prayer) in Switzerland, the insult of the Holy Quran by Pope Terry John, of Florida, the disrespect of Holy Prophet (S.A.W) etc are the questions awaiting answers from West and United Nation. Islam promotes of peace, equality and religious freedom. It also invites non-Muslims to come and sit on a platform and discuss these problems for the sake of worldly peace to end the religious hatred and to form true peace in the world.
The Relationship Between Corporate Governance and Firm Value: Role of Discretionary Earnings Management Corporate governance practices help in enhancing firm value by effectively monitoring the managerial decisions as well as reducing the level of information asymmetry and agency problem between empowered managers and dispersed minority shareholders. The present study investigates the relationship between corporate governance and firm value for the developing economy of Pakistan. The study has also taken into consideration the moderating role of discretionary earnings management in corporate governance-firm value relationship, which is considered to be a relatively ignored research issue in corporate finance literature. In addition to focusing on individual mechanisms of corporate governance (i.e. audit, board, compensation, ownership), the present study has also constructed a composite corporate governance index to investigate the role of effective corporate governance in mitigating earnings management and enhancing firm value. The data of 208 firms listed at Karachi Stock Exchange for a time period of 2004- 2011 has been used for analysis and accounting, market and economic measures of performance have been used as firm value. The study finds that corporate governance plays a vital role in enhancing firm value in long as well as short run. Constitution of internal audit committees as an effective internal audit system is essential for the enriched progress of a firm. The monetary incentives and compensation paid to the top executives motivates them to work in the best interests of the company which increases not only short term accounting value of firm but also long term market and economic value. The findings reveal that discretionary earnings management practices by corporate managers damage the firm value in long term and it could be mitigated by effective corporate governance mechanisms. Moreover, this value damaging role of discretionary earnings management negatively moderates between effective corporate governance and firm value. Firms with earnings manipulation weakens the impact of effectiveness of governance system and leads to lower firm value. Finally, the study suggests some practical implications based upon the findings for investors, policy makers and manager.