اساتذہ
مفتی اعظم ہند، مفتی عزیز الرحمن عثمانی،غلام بشیر احمد عثمانی اور مولانا اعزاز علیؒ شامل ہیں اور دورہ حدیث میں آپکے اساتذہ انور شاہ کشمیری غلام رسول ہزاروی تھے اور مولانا اشرف علی تھانویؒ سے بھی حدیث کی تعلیم حاصل کی۔
فتوی کی ذمہ داریاں
افتاء کا منصب علمی سلسلوں میں سب سے مشکل سمجھا جاتا ہے فقہ کے لاکھوں ملتے جلتے مسائل کا تھوڑے تھوڑے فرق سے حکم بدل جاتا ہے۔ بہت سے احکام اور حالات کے تغیر سے بھی بدلتے ہیں دار العلوم دیو بند میں تدریس کا جب آغاز کیا تو اس وقت دارالعلوم کے صدر مفتی حضرت مولانا عزیز الرحمن عثمانی ؒ تھے ۱۳۴۴ھ میں مفتی اعظم ہند جب دارالعلوم سے مستعفی ہوگئے تو مفتی شفیع ؒکو منصب افتاء کی پیش کش ہوئی جو انہوں نے مولانا اشرف علی تھانویؒ کے مشورے سے قبول کرلی۔اور ۱۳۵۰ھ کو دارالعلوم دیو بند کی مجلس شوریٰ نے آپ کو منصب افتاء پر بحیثیت صدر مفتی فائز کردیا۔
فتوی سے تدریس کی طرف منتقلی
بزرگوں کے حکم پر فتوی کی ذمہ داری کو قبول تو فرمالیا مگر بعد میں تدریس میں واپس چلے جانے کی اجازت چاہی لیکن اجازت نہ ملی آپ کے دوبارہ اصرار پر ۱۳۵۴ھ میں دارالعلوم کی مجلس شوری نے یہ مشکل فیصلہ بھی کردیا کہ فتویٰ سے تدریس کی طرف منتقل کردیا جائے۔
سیاسیات میں فکری و عملی حصہ
طبعاً ہنگاموں اور جلوسوں سے الگ رہنا پسند کرتے تھے لیکن جب بھی دین اسلام اور مسلمانوں کی کسی اہم دینی ضرورت نے سیاست میں حصہ لینے کا تقاضا کیا تو آپ اس میں شریک ہوئے۔
پہلی جنگ عظیم کے اواخر میں جب مجاہدین بلقاں ہر طرف سے کفر...
It is incontrovertibly true that Islam advocates peaceful coexistence with the adherents of other creeds. The holy Qur’an, the primary source of Islamic Shari‘ah, vividly recommends freedom of conscience and religion. Similarly, the prophet (SAW), being the perfect role model for the entire humanity, preached and practiced the lofty ideals propounded by the holy Qur’an and peacefully coexisted with the followers of Judaism and Christianity. Furthermore, the four rightly guided caliphs exhibited tolerant attitude towards their Jews and Christian subjects. In the presence of these models, nonetheless, many contemporary critics of Islam are disinclined to admit this explicit reality. Robert Spencer also sees eye to eye with them. Robert Spencer is an American author and he has published twelve books. He is a member of Melkite Greek Catholic Church. He looks on Islam as a highly intolerant religion. In this connection, he singles out Muhammad’s (SAW) treatment of various Jewish tribes. He maintains that all Jewish tribes viz. Banu Na╔hir, Banu Qaiʽn┴q┐ʽ and Banu Qurai╔ah “received the wrath of Muhammad”. This brief study aims to prove that the treatment meted out to the Jews was not founded on religious prejudice and malice; it was rather commensurate with their wicked demeanor.
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.