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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

34083 ­ ­ 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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Akram. Hasanzada

Ph.D. student of the Agricultural Research Center

   

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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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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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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

   

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Islam. Ibrahimov

Baku Business University

  prof, dr  

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Namig. Shalbuzov

Deputy Director of the Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Firdovsi. Fikratzade

Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Nneka. Osadolor

Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria

   

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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. Hikmat

Ph.D. in agrarian sciences, docent H.N. Nasibov

   

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Nazrin. Ramazanova

Master of Azerbaijan State University of Economics (UNEC)

   

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants