مولانا محمدعبدالرشید نعمانی کاانتقال
ادارہ ندوۃ المصنفین دہلی سے جن کا علمی واسطہ ورابطہ تھا وہ رفتہ رفتہ اب اس دنیا سے اٹھتے جارہے ہیں جس کی وجہ سے علمی میدان میں ایک خلا سامحسوس ہورہاہے۔ایک کے بعد ایک علمی ہستی اس دنیا سے اٹھتی جارہی ہے اورہم کورنج و غم کے صدمہ میں مبتلا کرتی جارہی ہے۔ایسی ہی ایک عظیم شخصیت حضرت مولانا محمد عبدالرشید نعمانی کی ہے جو ماہ اگست۱۹۹۹ء کے آخر عشرہ میں کراچی پاکستان میں موت کی آغوش میں ہمیشہ ہمیشہ کے لیے سوگئی۔
اناﷲ واناالیہ راجعون
مرحوم مولانا عبدالرشید نعمانی کابانی ندوۃ المصنفین دہلی حضرت مفکر ملت مفتی عتیق الرحمن عثمانی ؒ سے خصوصی تعلق تھا،حضرت قبلہ مفتی صاحب نے ان کی علمی صلاحیتوں کوپہچان کران سے کتاب ’لغات القرآن‘ لکھوائی جومفید قرآنی خدمت ہے یہ حروف معجم پرمرتب کی گئی ہے اورچھ جلدوں میں مکمل ہوئی ہے۔ شروع کی چارجلدیں جوالف سے شروع ہوکر ع پر ختم ہوئی ہے مولانا نعمانی کی محنت وریاضت کاثمرہ ہیں۔ اس کی پہلی جلد کے شروع میں مولانانعمانی مرحوم کا بیش قیمت معلوماتی مقدمہ ہے جس میں کتاب کی نوعیت اوراس کی ترتیب میں ملحوظ رکھے جانے والے امور کے علاوہ اپنی محنت وجاں فشانی وغیرہ کابھی ذکر کیاہے۔ اس کوبڑے اہتمام سے حضرت مفتی صاحب ؒ کی نگرانی میں ادارہ ندوۃ المصنفین دہلی طرف سے شائع کیا گیا۔باقی دوجلدیں مرحوم کی عدم فرصت کی وجہ سے حضرت مولانا سید عبدالدائم جلالی ؒ نے مرتب فرمائیں۔جب بھی مرحوم دہلی میں قیام فرماتے رسالہ’’برہان‘‘کے لیے علمی مضامین لکھتے جو برہان میں شائع ہو کر علمی دنیا میں قبولیت کی سند حاصل کرتے۔
مرحوم میں بے پناہ خوبیاں تھیں، پاکستان جاکر بھی ہندوستان کی یاد انہیں ستاتی رہتی ان کے انتقال سے ادارہ ’’برہان‘‘کوزبردست صدمہ ہواہے۔اﷲ تعالیٰ مولانا محمد عبدالرشید نعمانی کی بال بال مغفرت فرمائے...
Allah Almighty is the creator of the whole universe. He bestowed wisdom and intellect to humanbeings. He sent his prophets for their guidance. Prophets taught how to worship Almighty Allah by heart and serve humanity. After Prophets, it is the responsibility of religious scholars to guide people to the right way. Islam also explicitly encourages inward reform. Sub continent Indo-Pak has the privilege of being the gateway of Islam, as well as the benefit of great Islamists and brave people. The great scholars of Islam, Ulama, Hufaaz, Writers, Researchers, Intellectuals, Scientists and saints got birth on this pure land. These great personalities served their religion Islam with their self-determinations and eliminated the darkness of ignorance and eliminated the darkness of misguidance. Such great human lives and their educational, religious and literary activities have been documented, as the next generation could be aware of their great hostilities, writings and made their lives and their experiences as a model for themselves. Maulānā Ḥamadullah Ḥālajwī is one of them. He was a prominent pious Islamic scholar, researcher and a saint. He spent his whole life to follow the commands of Almighty Allah and the teachings of Holy Prophet (PBUH). He adapted his life according to the Sunnah. He used to do everything according to the Sunnah. He was a master of good personality and good character. His words were full of wisdom. During his meeting or statement, it seemed as if there was a sea of knowledge, whose ripples were visible in his sermons. He used to make great arrangements for payment of religious duties. He was very pious and devout. His life is an ideal life and his religious and academic services are unpredictable. Practicing the Sunnah had become his mark and identity. He urged others to follow the commands of Allah and His Messenger (PBUH). Sitting in the company of such pious saints is also considered in worship. The bigger his personality, the more humble and controversial he was. This is actually the identity of a mediator and scholar. He was oceans of knowledge and action. The vacuum created by his death takes a long time to fill. Such individuals survive for centuries.
Mutual Fund is a tremendous investment choice for small investors in the modern day investment paradigm. Mutual Fund provides an opportunity to small investors who have not any information, skills, or knowledge of investing in capital market. The study aims to analyze the performance of mutual Funds industry and mutual fund investors investing behavior in Pakistan. This research uses monthly data of all Open Ended Mutual funds from 2009 to 2014 for generating risk adjusted return through CAPM, Fama French three factors and Carhart four factor models. Ten different portfolios of mutual funds have been generated ranging from low performer to top performer in order to understand their performance to market return. The mutual fund risk adjusted return generated through testing these three models. GRS test has been applied to find which model among the three a better model is to predicts and explain mutual fund performance in Pakistan. The GRS test revealed that CAPM is the preferred model as it better predicts the mutual fund performance in Pakistan. The annual data of 45 mutual funds characteristics such as Fund size, Fund cash flow, Fund family, Expense ratio, Fund age and fund liquidity has been collected to find their impact on risk adjusted return of funds. The results reveal that fund liquidity and fund family have negative impact on fund performance, whereas fund age, expense ratio, fund cash flow and fund size showing positive impact on fund performance. The results also report persistence in most of Pakistani mutual funds. The results indicate that past performer funds owe performing better presently due to the significance of the lagged alpha in regression. The investors investing behavior of 230 funds investors in mutual fund are analyzed through Descriptive analysis using Tables, Percentages and accumulative percentages and for robustness of the results multinomial logistic regression is used in two ways i.e. to show the relationship between non-matric dependent variable and matric or categorical independent variables and to show the relationship between funds factors which affect the decision making of the mutual fund investors as categorical independent variablesand the types of investors as categorical dependent variable. The results indicate that most of the mutual fund factors showing significant chi-value of relationship which confirms that all twelve funds factors truly affect the decision making of the mutual fund investors. The results can be very vital for the assets management companies in their decision making.