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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

29067 ­ ­ 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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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Aygun. Huseynova

Baku State University

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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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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Tamraz. Tamrazov

Vegetable Research Institute

   

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Islam. Ibrahimov

Baku Business University

  prof, dr  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Yusif. Abayev

Ph.D. student of the İnstitute of Economics of ANAS

   

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Manzar. Nasibova

Senior researcher

   

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics