اﻷداء اﻟﻤﺄﻣﻮر ﺑﻪ و ﺗﻄﺒﻴﻘﺎﺗﻪ اﻟﻔﻘﻬﻴﺔ

In the Islamic Law i. E. Quran and Sunnah the above mentioned topic has been discussed clearly and repeatedly to avoid any ambiguity in dealings in our daily life and agreements made between two parties or governments national or international levels. After intensive study I discussed and elaborated the said issue referring to the Qura’nic verses and sayings of the Prophet (SAW). The matter is of great importance; hence the Muslims Jurists have also given their valuable opinions in accordance with the Islamic Law which have been incorporated also to solve the issue. If we act upon these verdicts, we will be able to select the best among ourselves and form an ideal government and will discharge our duties honestly, and eventually our every act will show our responsibility to perform our duties and to give due share to the right person.

A Study of Factors Affecting Dividend Yield and Dividend Payout Ratio of Oil and Gas Sector of Pakistan

The purpose of this study is to determine the factors which effect dividend yield and dividend payout ratio by taking 27 oil and gas companies which are listed on Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE). This study provides empirical analysis of the effect of factors (earning per share, profitability, stock prices, firm size, lagged value of dividend, market to book value and financial leverage) on dividend yields, dividend payout ratio. The results from this analysis provide strong support that factors market to book value and financial leverage has negative relationship with dividend yield and dividend payout ratio. The results also demonstrate that profitability, earning per share, firm size, stock price and lagged value of dividend have positive relationship with dividend yield and dividend payout ratio. A major part of these results reveal that stock price, profitability and firm size have great effect on dividend yield and dividend payout ratio.