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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

34781 ­ ­ 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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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Nneka. Osadolor

Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria

   

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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Aykhan. Gadashov

Head of the portal azexport.az Ph.D. student of the Agricultural Research Center

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Natig. Mirzayev

Lankaran State University

   

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Arzu. Huseyn

Azerbaijan Tourism and Management University

  Ph.D., docent  

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Bagish. Ahmadov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Расим. Алиев

Chief economist, Scientific Research Institute of Agriculture

  Doctor of Philosophy in Economics  

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Gunel. Naghiyeva

Master of Azerbaijan State University of Economics (UNEC)

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent