An Integral Approach to Development Economics

'Dr Basheer Oshodi is one of those rare financial practitioners who not only has developed a new Islamic Banking unit, from scratch, at Stanbic IBTC Bank and Sterling Bank in Nigeria, but also, in the process, has co-evolved an approach to African Economic Development that serves to link such Islamic Banking with the wider social and economic needs of Africa's most populous country. To facilitate this process, Basheer has established CISER - the Centre for Integral Social and Economic Research - together with fellow bankers who are also pursuing community economic development as a key part of their reason for being. In that capacity Basheer's work has led, and is continuing to lead, to both practical and conceptual developments that are vital to the African continent. The book he has written starts such a seminal course in vivid detail.’ Ronnie Lessem, Co-Founder, Trans4m Center for Integral Development, Switzerland and Adjunct Professor, Da Vinci Management Institute, South Africa 'For Basheer, the only practical and institutionalized moral economic structure is Islamic banking and finance as embedded in the enlarged Islamic economic system. Hence, moral economics is built on the backdrop of Islamic business ethics, Islamic banking contracts, and Islamic banking value proposition within the realm of not just Shariah-compliance, but of poverty reduction. The book concludes by developing economic theories that are home-grown - from Africa. After reading Basheer’s book, I believe that it will be a valuable material and reference point for those engaged in academia, banking and finance, development matters, governance, and overall policy formulation. Basheer’s ability to capture the complexities of Southern economies is indeed intriguing. I strongly recommend this book which is undeniably an integral approach to economic development.’ Abubakar Suleiman, Chief Financial Officer, Sterling Bank plc, Nigeria ’In An Integral Approach to Development Economics, Dr