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By Basheer A. Oshodi

Constructing economies similar to these in sub-Saharan Africa are seeking sensible fiscal coverage prescriptions. regardless of monetary progress in nations like Nigeria, poverty and unemployment blight the lives of many, in the middle of lots. concurrently, a lot neo-classical financial proposal is being puzzled opposed to the backdrop of worldwide fiscal meltdown, giving upward thrust to inquiry approximately extra vital ways to sustainable development.In An crucial method of improvement Economics, Basheer Oshodi examines modernization theories, dependency theories, international approach theories and rising twenty first century monetary theories and hyperlinks a neo-modern mixture of fiscal concept with the practicalities of finance in elements of the area the place poverty is rife. In a particularly African atmosphere, over 1/2 the inhabitants are Muslims, Oshodi considers Islamic finance within the context of the triple background of indigenous tradition, Westernized Christianity, and Islam. He argues that the rules of Islamic banking and finance will be built-in with different parts of that history, concentrating on assembly the demanding situations of poverty and unemployment. Islamic finance isn't just a religiously-oriented, Sharia-compliant, replacement monetary version. it might probably give a contribution to total socio-economic transformation and a much broader, people-centred method of financial improvement. overseas enterprises, monetary associations, reserve banks, coverage makers, donor organisations and scholars will locate resonance during this invaluable addition to Gower's Transformation and Innovation sequence.

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An Integral Approach to Development Economics: Islamic Finance in an African Context

Constructing economies equivalent to these in sub-Saharan Africa are looking for sensible financial coverage prescriptions. regardless of monetary development in international locations like Nigeria, poverty and unemployment blight the lives of many, in the middle of lots. at the same time, a lot neo-classical fiscal notion is being puzzled opposed to the backdrop of world financial meltdown, giving upward thrust to inquiry approximately extra indispensable techniques to sustainable improvement.

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Additional resources for An Integral Approach to Development Economics: Islamic Finance in an African Context

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My father died at the age of 77 in 2006 without smelling pension, even though he pays his tax every year to the corrupt government. Who cares? (CNN Wire Staff, 6 May 2010) Visit to Sokoto, Kano and Kaduna (North-east) I visited some northern Nigerian states in 2009 as part of the sensitization for my organization’s staff and other stakeholders in Islamic banking. It also exposed me to understanding several perceptions, attitudes and lifestyles of the indigenous people. During my tour, I visited the tombs of Uthman Dan Fodio and other northern emirs in Sokoto.

1 This further seeks to achieve self, organizaƟonal and societal transformaƟon (CISER ROUNDS) Aimed at To achieve achieving CISER’s objecƟves/ REALMS Overall framework Source: Oshodi (2012b). TheoreƟcal perspecƟve CriƟque Community economic development Education and development Enterprise development Development policy making IntegraƟon GENE + Integral dynamics University for Africa Methodology Development Economics Method I n t ro d u c t i o n 7 My Personal GENE The passages above set out the overall framework of this book based on the EUREKA Model, briefly highlighting the contents therein, which spilled over into ‘my personal GENE’.

The final model is generic across jurisdiction, and releases the GENE that cements market co-ordination, state co-ordination, spiritual co-ordination, and people co-ordination. This whole action research and innovation-based human inquiry, specifically co-operative inquiry (Reason 2002), serves to generally actualize 6 A n I n t eg r a l A p p roa c h to D e v e lo p m e n t Eco n o m i c s socio-economic transformation, as well as specifically addressing practical elements in the Islamic moral economic system.

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