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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

39049 ­ ­ 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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Emin. Ahmedzadeh

Doctoral student of the Agricultural Research Center

  Doctor of Philosophy in Economics  

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Isak. Hasanov

Head of Shamkir Support Point

   

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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Натиг. Гаджиев

Doctor of Science Program of 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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Anar. Azimov

The Agrarian Services Agency at the Ministry of Agriculture of the Republic of Azerbaijan

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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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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Okiemua. Okoror

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

   

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Vahid. Abbasov

Head of the Department of Economics, Baku State University

  prof, dr