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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

39923 ­ ­ 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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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

  Doctor of Philosophy in Economics  

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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Ramil. Aliyev

Ph.D. student of the Agricultural Research Center

   

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Fakhraddin. Aghayev

Vegetable Research Institute

   

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Nurangiz. Mikayilova

Doctoral student of the Agricultural Research Center

  Ph.D., docent  

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Sarvan. Jafarov

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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Manzar. Nasibova

Senior researcher

   

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Idris. Hojatov

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

  junior researcher  

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Narmin. Sattarova

Ph.D. student of the Odlar Yurdu University