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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

38235 ­ ­ 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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Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Fakhraddin. Aghayev

Vegetable Research Institute

   

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Sabina. Valiyeva

Doctoral student of the Agro Researches Center

  Ph.D., docent  

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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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Ayhan. Satıcı

Azerbaijan State University of Economics, PhD student

   

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Elnara. Kazimova

Azerbaijan State Agrarian University

  senior lecturer  

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Emilya. Shukurova

диссертант Бакинского государственного университета

   

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Nneka. Osadolor

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

   

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Akif. Aghbabali

Baku State University

   

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Khayala. Guliyeva

Ph.D. student of the Agricultural Research Center

   

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK