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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

24371 ­ ­ 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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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Vugar. Mehdiyev

h.D., Associate Professor, V.M. Mehdiyev Azerbaijan University of Cooperation

  Ph.D., docent  

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Tahmasib. Huseynov

Azerbaijan State University of Economics (UNEC)

  Doctor of Philosophy in Economics  

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Boyukxanum. Abdulkarim

Baku State University

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Aygun. Huseynova

Baku State University

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Javid. Hasanov

Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center

   

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Khaliq. Ghafarli

Ph.D. student 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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Said. Mustafayev

Ph.D. student of the Agricultural Research Center

   

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Akram. Hasanzada

Ph.D. student of the Agricultural Research Center