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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

29881 ­ ­ 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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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Ramina. Mustafayeva

Azerbaijan State Agrarian University

  Ph.D., docent  

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Boyukxanum. Abdulkarim

Baku State University

   

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Yunus. Sadigov

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

  Ph.D., docent  

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Khayala. Guliyeva

Ph.D. student of the Agricultural Research Center

   

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Turan. Ahmadli

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Maarif. Yusiphov

Vegetable Research Institute

   

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. Shahla

Baku State University

   

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Abbas. Safarov

Ph.D. student of the Agricultural Research Center

   

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Fakhraddin. Aghayev

Vegetable Research Institute