As Head of Islamic Banking NIBAF, Mr. Muhammad Ayub designed and delivered a comprehensive and intensive qualification on Islamic banking and finance that imparted clarity and confidence to the participants, enhancing their commitment and enabling them to market Islamic banking and its products with professional expertise and enthusiasm. A few extracts from the feed back are given below:
“The course was excellent and conducted with full dedication and professionalism. Sequencing was well placed, starting from philosophy to products and services on both assets and liabilities sides, accounting and Shari’ah standards, and specific areas like Islamic investment banking, securitization, risk management and capital adequacy. Combination of Shari’ah Advisors and practitioners, wherever possible, brought not only a blend but also provided reinforcement in delivering the presentations.”
Muhammad Khaleequzzaman, Head, Islamic Banking and Finance, Int’l Institute of Islamic Economics, Int’l Islamic University, Islamabad: Participant of 2nd batch of the Course held in December, 2005
“The feedback we have received from our participants of previous two courses is enormous. They are full of praise for the structuring of the course and its administration. ……. Therefore, kindly accept our “Congratulations” on this achievement which will make a meaningful contribution in the promotion of Islamic Banking in Pakistan.
Ijaz Farooq, Executive Incharge, Islamic Banking
Bank Alfalah Limited
“……….I have heard a lot about the effectiveness and material of the said course. As per the feedback of the trainees the course was really fantastic and informative. Many of them even regarded it as a course of international quality. I very much look forward to attending this course”.
Masroor Alam, BID, State Bank of Pakistan
Comments on the book ‘Understanding Islamic Finance’ published by John Wiley & Sons of UK ,by renowned personalities in Islamic banking and finance:
“Muhammad Ayub has provided the most comprehensive treatment to date of the contracts, products and systems used in Islamic finance. He explores how the concepts are rooted in the Islamic economic system in a way that will appeal to the academics while at the same time giving a coherent account of the products that finance practitioners should find helpful”
Professor Rodney Wilson, Director of Postgraduate Studies, Durham University:
"The author has rendered a great service to the field of Islamic finance through this painstaking encyclopedic effort that could have only been undertaken by a dedicated scholar-teacher-trainer like Dr. Ayub. This detailed compilation of the views of the four majority jurisprudential schools of thought of Islam on matters relating to financial transactions, presented and explained in clear language and applied to contemporary developments in Islamic banking and finance, is highly useful to students and practitioners of Islamic finance. The book is of particular significance for financial engineers who wish to design financial instruments compatible with the requirements of Islamic jurisprudence”
Dr Abbas Mirakhor, Executive Director, IMF Washington DC
“This is a new and extremely useful addition to the rapidly expanding literature in the area of Islamic finance. It purports to provide a clear exposition of all the basic building blocks of Islamic finance and of all the major components of the Islamic financial system.
The definition of riba provided by the author as any increase over and above the principal amount payable in a contract obligation, not covered by a corresponding increase in labor, commodity, risk or expertise is indeed the most comprehensive of many definitions one comes across in Islamic finance literature.
On the whole, the book fills a long-felt need for a standard text in Islamic finance. The author does a commendable balancing act in dealing with fiqhi matters that are often characterized by divergence of views. For most issues, he prefers to present the consensus position as captured in the AAOIFI resolutions. At the same time he does not show any reluctance to exercise his own judgment.”
Dr. Mohammed Obaidullah of IRTI, IDB, in his Review on the Book published in Islamic Economic Studies (Vol 15; No 2) 
