خلع فسخ نکاح ہے یا طلاق فقہائے کرام کی آراء کا تجزیاتی مطالعہ Whether Khula is Dissolution of Marriage or Divorce Critical Analysis of the Views of Islamic Jurists

Islam is an entire way of life. It illuminates every facet of daily existence. There is no problem for which Islam has not provided a remedy. Every aspect of beliefs and ethics, including human affairs, has also been examined. Islam is the only religion on earth that can be compared the height of Western culture and civilization. People have become its slavish disciples in the most literal sense. To stay up with the rest of the world, they are creating new interpretations of Islam for this reason. Accepted wisdom is a benefit, but only within the bounds of Sharia. Otherwise, it is Shaytan's legacy. ۔(شیطان) One of the most significant and crucial stages in a person's life is the nikah. It is expressly covered in the Qur'an and Hadith. It is created necessary for sustaining human existence. It is referred to as the culmination of human life and one of the Prophet's (ﷺ) required Sunnas. However, one of the most despised actions is the dissolution of a marriage. Islam, however, differs from other faiths. It contains the entire procedure/laws for dissolving a marriage. The appropriate discussion of Talaq and Khula is illustrated by the jurists' use of Estihsan and Qayas. Recent years have seen various crises and a collapse in Pakistani society. Smear and family system disturbance are the main issues among them. "Nikkah" is the fundamental element of a family system; in reality, a family system is based on Nikkah. If this Nikkah is intact, the entire family system is stable; nevertheless, if this Nikkah is broken, not only is the family system traumatised, but the entire society begins to suffer. The summary of this thesis explains that the Islamic Ideological Council's recommendations have been reviewed in light of the non-Sharia practises of the judicial authorities in relation to Khula and judicial powers related to Khula, as well as an analytical study of the remarks and opinions of commentators and jurists, including future jurists, regarding Khula. Key Words: Khul‘a, Judicial Khul‘a, Tansīkh e Nikaḥ, Divorce, ‘Īddat.

Corporate Governance, Financial Constraints and Dividend Policy: Evidence from Pakistan

Corporate Governance, Financial Constraints and Dividend Policy: Evidence from Pakistan Information asymmetry between insiders and outsiders creates various issues for a firm, such as the agency problem where managers pursue their own interests even at the cost of the wellbeing of the firm’s shareholders and probable external financial constraints where external investors discount risk by causing a surge in the cost of financing. Normally, a firm manages the issues of the agency problem and external financing constraints by omitting or initiating dividend payments. In most existing studies, scholars have focused on the direct relationship between corporate governance and dividend policies and, thus far, they have produced inconclusive and contradictory results. Most probably, these studies have not considered the role of financial constraints in dividend payment decisions. Moreover, the substantial emergence of corporate scams, along with weak regulatory environments coupled with the underdevelopment of the financial sector of Pakistan, has encouraged the study of the aforesaid tradeoff. Therefore, this study investigated the impact of corporate governance on dividend policies in the presence of financial constraints using a sample of 139 non-financial firms listed in the KSE in Pakistan, where a weak regulatory framework generates agency problems and the underdevelopment of financial sector causes financing constraints for businesses. The results reveal that, in Pakistan, dividends are an Outcome of governance practices. As the quality of firm-level governance improves, shareholders are provided with the legal strength to ultimately force firm managersto pay dividends.Along with the agency problem, the availability of external financing is an important factor related to dividend payment decisions in Pakistan. When a company is confronted with the agency problem and financial constraints simultaneously, managers try to avoid costly external financing rather than reducing agency problem. The corporate regulatory machinery of Pakistan completely inherits the characteristics of low efficiency, and as a result, the issue of unsymmetrical firm-level governance practices has emerged. Eventually, the influence of financial constraints on dividend policies also varies across different corporate governance regimes.