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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

29924 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

Abstract

Along with traditional financial instruments, alternative financial instruments are also used in agricultural lending. In this regard, the article discusses the possibility of using an Islamic financing mechanism based on partnerships and orders in agriculture, which is an alternative to traditional financing. These instruments are important both for the production of agricultural products and for financing their processing and sale. These tools allow farmers to create an alternative source of financing to interest-bearing loans.

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AUTHORS

 

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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. Hikmat

Ph.D. in agrarian sciences, docent H.N. Nasibov

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center

   

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Anar. Azimov

The Agrarian Services Agency at the Ministry of Agriculture of the Republic of Azerbaijan

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Irada. Huseynova

Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS

  academician  

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Nigar. Gasimova

Agricultural Research Center, senior specialist