پیش لفظ
بے انتہا حمد و ثنااس خالقِ ارض و سما کے لیے جس نے مجھے عقلِ سلیم اور فہم و فراست کی دولت سے مالا مال کیااورجس نے مجھے لفظوں سے کھیلنے کی قوت اور ملکہ بخشا۔کروڑوںدرود و سلام اس نبی ﷺ کی بارگاہِ بے کس پناہ میں کہ جنہوں نے انسانیت کو جہالت کی تاریکیوںسے نکال کر علم کی روشنی سے متعارف کروایا۔
اس حقیقت سے انکار نہیں کیا جاسکتا کہ تحقیق انتہائی کٹھن امر ہے۔اس کتاب کی تکمیل کے دوران اگرچہ مجھے کئی دشواریوں کا سامنا کرنا پڑا،کئی بار میرے قدم بھی ڈگمگائے مگراس وقت میرے شفیق استاد ڈاکٹر مشتاق عادل صاحب نے اس مشکل کام میںمیری رہنمائی کی اورمجھے آبلہ پائی کی مشقتوں سے بچائے رکھا اور اپنی مصروفیات سے قیمتی وقت نکال کر ہر لحاظ سے میری مدد کی۔
میںممنون ہوںاپنے والدین کی کہ جن کی حوصلہ افزائی سے مجھے تقویت ملتی رہی۔تحقیق کے دوران اکثر شب بیداری والدہ کی نیند میں خلل کا باعث بنی مگر انہوں نے کبھی اس کی شکایت نہیں کی، انتہائی معذرت کے ساتھ ان کی شکرگزار ہوں۔ اپنے اہل خانہ کابھی شکریہ ادا کرتی ہوں کہ انہوںنے میرے حوصلے کو قائم رکھا۔ میری تحقیقی سرگرمیوںکے دوران انہوں نے میری گھریلو ذمہ داریوں میں تخفیف کو خندہ پیشانی سے قبول کیا۔ میںبالخصوص اپنے والدمحترم کی تہہ دل سے شکرگزار ہوں جنہوں نے اس کتاب کی مکمل پروف ریڈنگ کی۔ انگلش او اردو پر ان کا مکمل عبور میری تحریر کے مختلف گوشوں میں آپ کو واضح جھلکتا نظر آئے گا۔ان کی رہنمائی کے بغیر یہ کام میرے لیے انتہائی کٹھن تھا۔
میں یونیورسٹی آف سیالکوٹ اور اپنے شعبہ کے اساتذہ ڈاکٹر یاسمین کوثر،میڈم ماریہ بلال، ڈاکٹر یوسف اعوان اورڈاکٹر عامر اقبال کاشکریہ ادا کرتی ہوں جن کی شفقت اور حوصلہ افزائی کے باعث میرا یہ تحقیقی کام...
This paper will highlight the significance importance of the Islamic microfinance working in Pakistan as well as across the world. In 2007, the Great economic damage the global economy of the world including United States, European Union as well as Asia, it made the researcher to study about the alternate system in the replacement of Conventional Financial System, after that study and research they recognized that there is no concept of interest in Islamic Financial System, it is totally based on asset-based system, this recognition shift their area of interest from conventional financial system to Islamic financial system. Islamic financialSystem plays a significant role in economic growth of a country through accumulation of deposits and providing the plate form of financing to speed up economic activities. In the last two decades, the traditional microfinance is replaced by the Islamic microfinance in Pakistan as well as in the whole world. This paper will highlight the working methodology of Islamic microfinance models and institutions that how these Islamic microfinance institutions working asan interest free sector in Pakistan and in the world. The paper is also highlighting the difference between conventional micro financing and Islamic micro financing that what are the models and functions that differs the Islamic micro financing from the traditional micro financing.
The study is made to explore the impact of leverage and liquidity on the performance of firms. Liquidity and
leverage are two of the most important pillars and on these pillars whole operations of the business stand. This
research has attempted to establish a relationship between leverage and liquidity with the financial
performance of firms operating in Pakistan. Some selected textile firms operating in Pakistan were selected as
sample for the research.
The data of 76 textile firms was collected. The variables included in this research relating to leverage are as
follows total debt to total asset ratio, short term debt to total asset ratio and long term debt to total asset ratio.
Liquidity was calculated by using current ratio only. Size was included as control variable. Seven performance
variables are used in this research like
ROE, ROA, and EPS etc. Descriptive, correlation and panel data analysis were made. Panel data test was applied
to find regression between variables. The findings of this research were that low leverage ratios mean high
performance as it is negatively associated with performance. Liquidity was significantly and positively related
to the performance of textile firms. All the variables except stock price (SP) have positive and significant
relationship with the leverage and liquidity of the textile firms. Stock price has no relation with the leverage of
the firm while, positive and significant relation with the liquidity of the textile firms.
Government should take considerable steps in promoting investment and growth of textile sectors_
Management should formulate careful strategies relating to the decisions involved in the capital structure and
liquidity. The similar research can be repeated by adding new variables and by changing the nature of study
into exploratory research.