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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

23105 ­ ­ 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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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Samir. Maharramov

Doctoral student of Azerbaijan Tourism and Management University

   

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Rovshan. Guliyev

Azerbaijan State Economic University (UNEC)

  prof, dr  

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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Ramina. Mustafayeva

Azerbaijan State Agrarian University

  Ph.D., docent  

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Isak. Hasanov

Head of Shamkir Support Point

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic