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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

34774 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

 

UOT: 336.77, 338.43

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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Faig. Huseynov

Azerbaijan State University of Economics (UNEC)

   

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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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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Tamraz. Tamrazov

Vegetable Research Institute

   

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Gunel. Naghiyeva

Master of Azerbaijan State University of Economics (UNEC)

   

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Rovshan. Guliyev

Azerbaijan State Economic University (UNEC)

  prof, dr  

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Anar. Azimov

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

   

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Said. Mustafayev

Ph.D. student of the Agricultural Research Center

   

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Manzar. Nasibova

Senior researcher

   

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Tahmina. Safarli

Ph.D. student of the Baku State University

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center