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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

17212 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

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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Esmira. Latifova

Director Adviser, Agricultural Economics Research Center

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Farman. Guliyev

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Sarvan. Jafarov

Ph.D. student of the Agricultural Economics Research Center

   

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Reshad. Huseynov

Center for Analysis of Economic Reforms and Communication

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Turaj. Musayev

Agricultural Economics Research Center, leading specialist

   

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Akif. Aghbabali

Baku State University

   

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Tarlan. Gorchiyeva

PhD student of the Agricultural Economics Research Center

   

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics