افراد معاشرہ کی کردار سازی کا عمل: سیرت طیبہ کی روشنی میں

The real purpose of Holy Prophets to come in this world is just only to preach the Allah's messages.  The Allah deliver orders thought revelation which are the significant.  The prophet are the practical shape of that there are lot of stories in the Holy Quran to exemplify  that role model. The ancients of his life and his actual life is not for the entertainment but in fact it is the role model that meant reciter or reader of Holy Quran should take an inspiration form that action, he must construct himself through this Allah has declared the life of Hazrat Muhammad (P B U H) is Uswa-e-Husana. It means the life of Hazrat Muhammad (PBUH) represent the good symbol of his character his sit and down his eat and drink and all good manners thought's this we can constant our character Hazrat Muhammad (PBUH) life is full of kindness compassion mercy gratitude thankfulness abundance courage fearlessness self-reflection and unwavering belief in his mission. Hazrat Muhammad (PBUH)  is the great educator of mankind. He had enlighted the whole world with the teaching and light of Islam.

from Debt to Equity Advocacy: Islamic Model Firm Capital Structure

Legal experts and economists advocate that the century-old debt-equity distinction is responsible for the global financial crisis (GFC) and instability.This regulation advocates and subsidizes debt (unlike equity financing) as tax deductible.This regulation, in turn, reduces the cost of debt financing and eludes debt as a relatively cheap source of financing. Later, theoretical developments related to corporate financing policies explicitly materialized interest tax deductibility and advocated debt over equity financing.Researchers have highlighted the need to reframe these debt subsidizing corporate tax regulations.This thesis offers a critical analysis of debtincentivized corporate tax and financing policies and provides an Islamic perspective on this vital tax deductibility debate.This study aims to help abolish the corporate tax incentive to debt and shift the incentive toward equity. This study also attempts to empirically test the implications of proposed interest taxability and dividend tax deductibility on corporate financing policies. This thesis estimates a modified Modigliani and Miller (1963), (later M & M) firm valuation model to incorporate interest taxability and dividend tax deductibility.The estimated model is linear and static to the single period t.This thesis uses a simulation technique to evaluate the estimated model and conducts various policy experiments to observe the potential impacts of proposed policy reforms on a firm’s cost of capital and overall value.The simulated results indicate that, in the presence of debt tax incentives, firms lose value over every subsequent unit of debt financing.Zero-leverage firms, in the presence of the interest tax shield, may stabilize their value.The present study finds that aligning a corporate financing policy with the fundamentals of Islamic finance helps restrain corporate indebtedness and promote profit and loss sharing.According to the proposed model, firms have a reduced cost of financing, tend to be more stable, and are valueoriented, especially when they avoid debt to the maximum extent.The results indicate that minimum debt financing in the presence of a dividend tax shield reduces firms’ costs of financial distress and their proneness to bankruptcy.Islamic finance can provide a corporate financing model for sustainable and equitable wealth creation.