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Home 36. April 2021 Opportunities to use alternative financial instruments in agriculture

Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat
samir.aghaev@gmail.com

40551 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

 

UOT: 336.77, 338.43

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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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Samira. Akbarova

Ph.D. student of Azerbaijan Technological University Lecturer at Mingachevir State University

   

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Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

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Huseynaga. Asadov

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

  Ph.D., ass, pr  

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Manzar. Nasibova

Senior researcher

   

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Nneka. Osadolor

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

   

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Naila. Aliyeva

Associate professor of the Azerbaijan State Economic University (UNEC) Doctoral student of the Agro Researches Center

  Doctor of Philosophy in Economics  

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Ayaz. Museyibov

Center for Analysis of Economic Reforms and Communication

   

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Anar. Azimov

Azerbaijan Food Safety Agency, Head of the International Relations Department

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Maarif. Yusiphov

Vegetable Research Institute

   

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University