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مولانا محمد مبارک علی

مولانا محمد مبارک علی
مولانا محمد مبارک علی صاحب جن کی عمرچھیاسی برس کے قریب ہوگی حضرت شیخ الہند کے شاگردِ خاص اورآپ سے بیعت بھی تھے اورحضرت کی اسارتِ مالٹا کے بعد حضرت الاستاذ مولانا مفتی عزیز الرحمن صاحب ؒ سے تجدیدِ بیعت کرلی تھی اور حضرت مفتی صاحب کے خدام خاص میں شامل ہوکر حضرت موصوف ہی سے طریقہ نقشبندی میں اجازت بیعت و ارشاد حاصل کی۔ایک عرصہ تک ٹونک میں صدر مفتی رہے اورریشمی خطوط کی تحریک سے بھی تعلق خاص رہا۔ غالباً ۱۹۱۹ء میں مدراس (پرناہٹ) تشریف لے گئے تھے اورپھر بریلی کے قدیم مدرسہ مصباح العلوم میں صدارت درس کی خدمت انجام دی۔اب کم وبیش اڑتیس سال سے دارالعلوم دیوبند میں نائب مہتم کے عہدہ پرفائز تھے۔اہتمام و انتظام میں دسترس کے علاوہ کبھی کبھی حدیث کی کسی کتاب کادرس بھی دیتے تھے۔ تقویٰ وطہارت اوراخلاق وشمائل کے لحاظ سے سلف صالحین کانمونہ اورمثال تھے۔ صدحیف!دنیا اب ایسے حضرات سے خالی ہوتی جارہی ہے۔تغمد ھمااﷲ بمغفرتہ ورحمتہ ۔ [ستمبر۱۹۶۸ء]

The Gray area Beyond Raised Objections (Sharia’h Perspective) Regarding In-practice Islamic Banking System

Shari‘ah’s teachings are perfect and forever. They leave everlasting impacts on society towards its spiritual as well as material purification (Tazkia) if implemented properly according to Qur’an and Sunnah. Interest (Sood/Rib┐) has been forbidden by Almighty Allah whereas Trade (Ba‘a) has been legitimated. To bring the Muslims of today out of Interest-based Banking System, religious scholars have outlined and introduced Islamic Banking System which, although, has got fast growth in market but still, a number of objections are being raised by different scholars leading to an impression that this system is not working in accordance with Shari‘ah. This not only discourages the entry of new ones to Islamic Banking Sector but also create confusions in the minds of the enlisted customers. Keeping in view the above scenario, need is felt to assess, evaluate and analyze the Objections raised with special emphasis on Islamic Concept of Bank, Charity Fund (Iltez┐m be tasaduq) and Mur┐ba╒a being the major points of objections of the critics. The present study investigates different aspects and dimensions of these objections in the context of Shariah and ground realities in order to know the extent of validity of these objections, highlight the gray areas giving rise to objections and give real picture to the public in general and enhance the satisfactory level of the enlisted Islamic Banking customers in particular.

A Macroeconometric Model for Trade Policy Evaluation: Evidence from Pakistan

Trade policies are an essential enabler of economic growth, job creation, and poverty reduction for developed as well as developing countries. Trade provides new market opportunities for domestic firms, stronger productivity, and innovation through competition. The macroeconometric modelsplay an important contribution in policy optimization. After reviewing Pakistan’s regional trade performance, it is concluded that regional trade can play a vital role in the economic development of Pakistan. To sustain this improvement, there is a need to construct a macroeconomic model to forecast regional trade and perform scenario analysis to make growth enhancing policies for the country. In this study, we develop a macroeconometric model for evaluation of region related trade policyand forecasting of trade performance of Pakistan. These regions are Organization of Islamic Council (OIC), Organization for Economic Cooperation and Development (OECD), Association of SouthEast Asian Nations (ASEAN), South Asian Association for Regional Cooperation (SAARC) and the rest of the world. Macroeconometric model has been developed that contains 15 behavioral equations and 8 identities. Cointegration results suggest there exist long run relationships among variables of all behavioral equations. Additionally, results of different policy shocks based on (i) export price, (ii) importprice, (iii) exchange rate, (iv) foreign direct investment, (v) interest rate and (vi) foreign exchange reservesuggest that the model is useful for economic planning to sustain growth performance of Pakistan. In addition to this, it is also noticed that very few studies attempt to examine the relationship between international trade and human development. Some panel and cross section studies have been done but mostly Pakistan has not been included. This study also examines first time ever the effect of aggregate and disaggregates trade on human development in Pakistan by vi using annual time series data. This study contains five models in which human development with (i) total trade (ii) aggregate exports (iii) aggregate imports (iv) exports of primary commodities, semi manufactured goods and manufactured goods and (v) imports of consumer goods, imports of capital goods, imports of industrial raw material of consumer goods and imports of industrial raw material for consumer goods are considered. Cointegration test has been applied to check the long run relationship between human development and trade. Sensitivity analysis confirms that initial results are robust. Causality analysis has also been done the causal relationship between international trade and human development. Generally, it is concluded that trade is a significant contributor to human development in Pakistan.
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Asian Research Index Whatsapp Chanel

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