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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

42058 ­ ­ 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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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Rashad. Huseynov

Agricultural Research Center, director

  Doctor of Philosophy in Economics  

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Arzu. Huseyn

Azerbaijan Tourism and Management University

  Ph.D., docent  

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Ilkin. Huseynov

Doctoral Student Agrarian Research Center

   

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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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Ramil. Aliyev

Ph.D. student of the Agricultural Research Center

   

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Turaj. Musayev

Agricultural Economics Research Center, leading specialist

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Samira. Akbarova

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

   

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Shovkat. Yusufova

Azerbaijan Cooperation University

  Ph.D., docent  

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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Vuqar. Namazov

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

   

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Натиг. Гаджиев

Doctor of Science Program of Agricultural Research Center

  Ph.D., docent