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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

23116 ­ ­ 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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Andriy. Popovych

Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland

  Ph.D.  

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Galib. Hajiyev

Department of “Economy of enterprise” of Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Samir. Akhmedov

Ph.D. student of the Agricultural Economics Research Center

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Vusala. Nagiyeva

Azerbaijan Cooperation University

  Ph.D., docent  

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Narmin. Sattarova

Ph.D. student of the Odlar Yurdu University

   

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Firdovsi. Fikratzade

Director of the Agricultural Economics Research Center, Doctoral student at the Institute for Scientific Research on Economic Reforms

  Doctor of Philosophy in Economics  

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Samir. Maharramov

Doctoral student of Azerbaijan Tourism and Management University

   

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Savalan. Seyfaddinov

Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan

  Ph.D. in Agrarian Sciences  

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Shovkat. Yusufova

Azerbaijan Cooperation University

  Ph.D., docent  

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Tural. Mammadzade

Ph.D. student of

   

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Tahmina. Safarli

Ph.D. student of the Baku State University