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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

19895 ­ ­ 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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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center

   

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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Maarif. Yusiphov

Vegetable Research Institute

   

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Arastun. Jalilov

  Doctor of Philosophy in Economics  

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Manzar. Nasibova

Senior researcher

   

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Akif. Aghbabali

Baku State University

   

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics  

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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic