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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

19356 ­ ­ 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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Emilya. Shukurova

диссертант Бакинского государственного университета

   

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Bagish. Ahmadov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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Ceyran. Babirova

Ph.D. student Azerbaijan State University of Economics (UNEC)

   

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Turan. Ahmadli

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Aygun. Huseynova

Baku State University

   

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Farman. Karimov

Research Institute of Plant Protection and Technical Plants

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Ismayil. Kheyirkhabarov

Azerbaijan State University of Economics (UNEC)

  Ph.D., docent