ABSTRACT

This chapter examines the theories that emerged from the co-operative inquiry into Islamic finance, articulating African economic theory with its dynamic movements, and drawing on Integral Dynamics. African economic theory lead to the Integral African Development Economic Model, which crystallizes all the economic thinking covered in this study to set the course for Islamic finance in Nigeria. The chapter focuses on two principal concepts EUREKA and CISER as they relate to the four areas comprising the research interests of doctoral and post-doctoral researchers whose nucleus is TRANS4M, or rather the emergence of the African University for Humankind, South Africa. Centre for Islamic Socio-Economic Research (CISER) through the work of co-researchers in Nigeria and South Africa, seeks to achieve a paradigm shift of education/academics in order to bridge the gap between indigenous identity, indigenous history and current and future realities within the context of a contemporary African society and an increasingly complex world.