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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

34780 ­ ­ 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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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Irada. Huseynova

Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS

  academician  

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Abbas. Safarov

Ph.D. student of the Agricultural Research Center

   

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Ceyran. Babirova

Ph.D. student Azerbaijan State University of Economics (UNEC)

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Akif. Aghbabali

Baku State University

   

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Emin. Ahmedzadeh

Doctoral student of the Agricultural Research Center

  Doctor of Philosophy in Economics  

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Maarif. Yusiphov

Vegetable Research Institute