'Dr Basheer Oshodi is one of those rare financial practitioners who not only has developed a new Islamic Banking unit, from scratch, at Stanbic 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 - a Centre for Integral Economics and 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 Basheer A. Oshodi provides a cogent and timely case for re-examining how economic development can be more effectively pursued in the developing world. Drawing on his African cultural heritage, and utilizing an integral approach to research, Dr Oshodi argues for the injection of a much needed moral core to guide economic development, advancing a growing movement toward a more integral, holistic and efficacious practice of economics that has the potential to bring sustainable societal transformation to Africa and beyond.'Samuel D. Rima, Author of Spiritual Capital: A Moral Core for Social and Economic Justice
About the Author
Basheer A. Oshodi has worked extensively in banking, management consultancy, real estate, Islamic finance and research. His experience of government, state-owned businesses and the organized private sector has greatly influenced his research interests. He has developed risk-asset products and sukuk propositions based on several Islamic finance contracts, which align with specific business requirements. He is engaged with the team designing the first Shariah-compliant short-term liquidity management instrument, comprising of several Islamic financial contracts. He became a member of the Nigerian Islamic Finance Working Group in 2009. Basheer was appointed, by Sterling Bank, as Group Head of its Non-Interest Banking Window in January 2013, where he drives the entire Islamic finance proposition. He is a pioneer of Islamic banking and finance in Nigeria; co-founder of the Centre for Islamic Socio-Economic Research (CISER) and co-founder of the Centre for Integral Social and Economic Research, where real transformational ideas are created and implemented via action research.