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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

27525 ­ ­ 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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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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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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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Aygun. Huseynova

Baku State University

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

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Arshad. Yashar

Head of land identification and geographical data sector of the Land use Control Department of the Ministry of Agriculture of the Republic of Azerbaijan

   

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Nazrin. Ramazanova

Master of Azerbaijan State University of Economics (UNEC)

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Vahid. Amrahov

Azerbaijan State Agricultural University

  Ph.D., docent  

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Galib. Hajiyev

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

  Ph.D., docent