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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

41486 ­ ­ 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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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Alizamin. Guliyev

Azerbaijan Technical University, Ph.D.

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Afet. Israyilova

Azerbaijan Cooperation University

  Phd student  

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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Fakhraddin. Aghayev

Vegetable Research Institute

   

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Rashad. Huseynov

Agricultural Research Center, director

  Doctor of Philosophy in Economics  

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Bakhtiyar. Babashli

National Aviation Academy, PhD Candidate

  Ph.D.  

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Anar. Malikov

PhD candidate, Azerbaijan Cooperation University

  Phd student  

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Gurban. Mirzayev

Azerbaijan State Agrarian University

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants