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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

35883 ­ ­ 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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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Maharram. Huseynov

Azerbaijan State Agricultural University

  prof, dr  

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Boyukxanum. Abdulkarim

Baku State University

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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Tamraz. Tamrazov

Vegetable Research Institute

   

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center

   

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Ramiz. Isgandarov

Department of "Economics and Statistics" of Azerbaijan Technical University

  prof, dr  

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Nargiz. Hasanova

Azerbaijan State Agrarian University