Cut off stem ends of the figs, and then cut each fig into 8 pieces. Put the figs in a medium saucepan with the water. Cover and cook over medium heat, stirring occasionally, for 8 to 10 minutes until the figs are tender. Remove the lid, add the sugar and continue to cook until it reaches a jam like consistency, stirring often. This could take about 20 minutes.
Remove from heat and let cool to room temperature. Pour into a bowl and stir in the cream, half and half and vanilla bean seeds. Cover and chill until very cold (overnight is preferable).
Process in your ice cream maker following the manufacturer's instructions. Scoop into a freezer safe container and freeze until firm.