''المواھب اللدنیۃ با لمنح المحمدیۃﷺ'' کا تعارفی و تجزیاتی مطالعہ An Analytical study of the

Although Imam Qusṭalānī, in compiling his book "Al-Mawāhib Al-Laduniyat Bil Minḥ Al-Muhammadiyah", has followed the footsteps of Qazi Ayaz’s book Al- Shifā. But many chapters and information are unique to them and he has expanded this book with his additions and made it a treasure trove of information. This book is a beautiful fusion of the traditions of Muhaddithin and Ahl-e-Siyyar. Because he was not only a muhaddith but also a biographer. Were his greatest service in the learning of Hadith is "Irshad Al-Sārī Sharh Saḥiḥ Bukhārī", there his most significant service in Sira is this book. He has used the traditions of both the narrators and the Biographers in compiling it. In this book, the locks of meanings are opened with the keys of Fatḥ Al-Bārī Li Ibn-e-Hajar ‘Asqalānī. In other words, he has benefited a lot from Fatḥ Al-Bārī Sharḥ Bukhari and has gained a lot of confidence. A large number of scholars have used this book, including Shiblī Nu‘mānī, who has made extensive use of it in his Sirat un-Nabiﷺ . Due to its popularity, many of its rates have been written. The most detailed of these is the Zurqānī rate of Qusṭalānī. The great scholar like Imam Zarqani has commented in eleven volumes of this book, which is proof of its authenticity, noteworthy, and worth reading and treasure. Sheikh Nūruddin Ṭrabulsī gave Sharh and great people like Safiuddin Qasashi, Burhanuddin Ibrahim Maimoni, Shamsuddin Muhammad Shobri Misri and Nooruddin Ali Qari embellished this book with their footnotes. On the one hand, it teaches love and respect for the Holy Prophet ﷺ and on the other hand, it mentions the rights of the Holy Prophet ﷺ and the rewards for their payment. The writing style of the book is simple and smooth as well as eloquent and eloquent. The temptation is not so long that the length will be too long for the reader, nor is it so short that access to the concepts and demands will not be possible due to the brevity. The book has been read by the people and it has been adopted by biographers as an authentic and reliable source. Because of its importance and usefulness, an introductory and analytical study of this book will be presented in this article.

Determinants of Corporate Cash Holdings and its Implications: Evidence from Pakistan’S Corporate Sector

This study examines the determinants of corporate cash holdings and their implications for non-financial firms by pursuing three main objectives. The first objective examines firm-specific factors that determine the optimal level of corporate cash holdings. Empirical results are consistent with some of the theories such as information asymmetry theory, financial distress hypothesis and the transaction costs hypothesis that suggests that the higher fixed processing fee for obtaining external financing discourages smaller firms to go for external financing and hence prompting them to hold more liquid assets. Nevertheless, these results support the argument of Opler et al. (1995) that larger firms have more capacity to accumulate cash since they are presumably more profitable. The results also suggest that Pakistani companies are sensitive to the volatility of cash flow and that firm’s cash holdings are highly influenced by a precautionary need. Empirical evidence also lends credence to the argument that credit market frictions are responsible for high correlation between cash holdings and cash flow of the firm. Results also indicate that there are no differences in the patterns of cash holdings between the group-affiliated and the non-group businesses. Second objective of the study examines the effect of corporate governance on cash holdings. Results are line with the finance literature which suggests a role for effective corporate governance in disciplining managers and weak governance may lead to a tendency of the managers to hold excess cash holdings. Empirical results are also in line with the interest alignment hypothesis. Finally, third objective of our study examine cash holding behavior under macroeconomic uncertainty. Empirical results provide support to the hypothesis that uncertainty in macro-economic variables leads firms to similar cash holding behavior since uncertainty in the macroeconomic environment can affect the manager’s ability to predict their future cash flows.