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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

28692 ­ ­ 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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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Aytekin. Huseynli

Ph.D. student of the Baku State University

   

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Фамиль. Рустамов

Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department

  Ph.D., docent  

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. Shahla

Baku State University

   

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Maarif. Yusiphov

Vegetable Research Institute

   

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Anar. Azimov

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

   

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic

   

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Akif. Aghbabali

Baku State University