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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

33502 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

 

UOT: 336.77, 338.43

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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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Narmin. Sattarova

Ph.D. student of the Odlar Yurdu University

   

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK

   

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Nijat. Muradov

Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan

   

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Andriy. Popovych

Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland

  Ph.D.  

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. Hikmat

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

   

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center