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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

37011 ­ ­ 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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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Ali. Zingirov

Azerbaijan State Agrarian University

  Исполняющий обязанности доцента, доктор философии по технике  

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Yusif. Abayev

Ph.D. student of the İnstitute of Economics of ANAS

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)

   

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Sarvan. Jafarov

Ph.D. student of the Agricultural Economics Research Center

   

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Nazrin. Ramazanova

Master of Azerbaijan State University of Economics (UNEC)