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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

34090 ­ ­ 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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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Manzar. Nasibova

Senior researcher

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Idris. Hojatov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

  junior researcher  

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Savalan. Seyfaddinov

Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan

  Ph.D. in Agrarian Sciences  

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

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Ramil. Huseyn

Center for Economic Reforms and Communication

  Doctor of Economics  

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University