پروفیسر مشیرالحق مرحوم
دارالمصنفین اور پوری علمی دنیا میں جناب پروفیسر مشیر الحق مرحوم وائس چانسلر کشمیر یونیورسٹی کے سانحہ قتل کی خبر نہایت رنج و غم کے ساتھ سنی گئی، ان کو یرغمال بنائے جانے کی خبر ہی باعث تشویش اور اضطراب تھی، لیکن یہ امید نہ تھی کہ ایک حلیم الطبع، نرم شائستہ و شگفتہ مزاج انسان کے خرمن ہستی کو آتش چنار اس طرح جلاکر خاک کردے گی۔
ان کی زندگی ماہ و سال کے لحاظ سے بہت زیادہ نہیں ہے لیکن محنت، صبر، استقلال عزم اور مقصد کی یافت کے لحاظ سے یہ حیات مختصر بڑی قابل قدر اور قابل رشک رہی۔ ان کے علمی سفر کا آغاز دارالعلوم ندوۃ العلماء کی طالب علمی سے اور اختتام کشمیر یونیورسٹی کی وائس چانسلری پر ہوا، حق یہ ہے کہ قدیم و جدید کے خوشگوار اور متوازن امتزاج کی یہ دلکش مثال ہے۔
وہ غازی پور یوپی کے قصبہ بحری آباد میں پیدا ہوئے، کم عمری میں والد کے سایہ عاطفت سے محروم ہوگئے، تعلیم کے لیے دارالعلوم ندوۃ العلماء لکھنؤ آئے، یہاں سے عالمیت کی سند لی، انھوں نے انگریزی تعلیم پر بھی توجہ کی اور بڑے نامساعد حالات اور سخت معاشی پریشانیوں کے باوجود انھوں نے علم و فن کی تحصیل جاری رکھی ان کے علمی شوق و ذوق کو ان کے محبوب و مشفق استاذ مولانا عبدالسلام قدوائی ندوی مرحوم کی حوصلہ افزائی اور سرپرستی کبھی کم نہ ہونے دیتی، جامعہ ملیہ اسلامیہ سے بی اے اور علی گڑھ یونیورسٹی سے ایم اے کیا، ۶۱ء میں انھوں نے کناڈا کی میک گل یونیورسٹی سے پی ایچ ڈی کی سند بھی حاصل کی، دوران تعلیم ان کے قلب و نظر پر مولانا عبدالسلام قدوائی ندوی، پروفیسر محمد مجیب، پروفیسر سید عابد حسین اور پروفیسر الفریڈ کینٹویل اسمتھ کے نقوش خاص طور پر...
Allah the elevated bestowed on prophet Muhammad SAW two basic sources of guidance for Muslim Ummah, The holy Quran and Hadith. Due to this significance of Hadith, Muslims have invented more than five hundred sciences related to Hadith. One of these sciences is Ilm Garb ul Hadith. Sheikh Moaamer bin muthana was the first scholar who has written a book on this topic. From then on Muslim scholars have researched a lot in this regard. Dozens of scholars spent their time and wealth on it. According to the author of Moaajm ul mua’ajam more than 90 books on the topic have been published but eight of them gained much publicity and famous hood among them. Abu Ubaida, Abu Adnan, Abu Ubaida Qasim bin Salam, Ibrahim bin Ishaq Al Harbi, Abu Ubaida Ahmed bin Muhammad Alhervi, Ibn Jauzi, Muhammad bin Atheer Aljazree, Zemakhsharee. The following article consists of a brief introduction of Ilm Gharib ul Hadith along with a brief history of research about it. Then the eight famous books on Gharib ul Hadith and there way of research are examined in brief along with examples. At last a comparative study of the work done by these eight scholars is given in order to explore the differences and similarities among them.
Capital structure is the proportions of debt instruments, preferred stock and common stock on company's
balance sheet. Business entities choose different combinations of equity, debts and other options for the
purpose of financing their assets. Some businesses choose more financing from the equity and less from debts,
while others rely more on debts and less on equity financing depending upon nature of their business, industry
and risk. Firms mostly go for that combination of debt and equity that optimizes their cost of capital and risk.
Perfect combination of capital structure and working capital enhance the profitability and financial
performance of the firms.
This study is conducted to examine the impact of capital structure and working capital management on the
financial performance of selected non-financial firms in Pakistan. For this purpose 78 non-financial firms listed
on Karachi Stock Exchange (KSE) have been selected for the period of seven years from 2005 to 2011. The data
is obtained from the financial statements analysis published by the statistics department of State Bank of
Pakistan.
For the purpose of analysis, descriptive, correlation and panel data analysis are used in this research. Twelve
panel data (regression) models have been used to investigate the impact of capital structure and working
capital management on financial performance of the firms. In these models three proxies are used as
independent variables to measure the capital structure i.e. total liabilities to total assets, long-term liabilities
to total assets and short-term liabilities to total assets. Three proxies are used as independent variables to
measure the management of working capital i.e. receivable conversion ratio, inventory conversion ratio and
current ratio while the natural logarithm of sales is used as control variable to measure the size of the firms. In
these panel data (regression) models return on total assets, net profitability, return on shareholders' equity
and earnings per share are used as dependent variables to quantify the financial performance of the firms listed
on Karachi Stock Exchange.
The results of the analysis showed that debts lead to decrease the financial performance of the firms while all
the measures of working capital management have positive impact on firms' performance. The results also
revealed that good combination of capital structure and working capital has significant impact on financial
performance of non-financial firms listed on KSE. So these firms have to give due consideration to the financing
options and management of working capital to increase their financial performance.