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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

36914 ­ ­ 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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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Samir. Akhmedov

Ph.D. student of the Agricultural Economics Research Center

   

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Натиг. Гаджиев

Doctor of Science Program of Agricultural Research Center

  Ph.D., docent  

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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Naila. Aliyeva

Associate professor of the Azerbaijan State Economic University (UNEC) Doctoral student of the Agro Researches Center

  Doctor of Philosophy in Economics  

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Eljan. Abbasov

Ph.D. student of Azerbaijan State Agrarian University

   

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Ali. Zingirov

Azerbaijan State Agrarian University

  Исполняющий обязанности доцента, доктор философии по технике  

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)

   

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Aygul. Salimova

PhD student of the Agricultural Economics Research Center

   

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Aligulu. Mehdiyev

Ph.D. student of Baku Engineering University

   

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Hagar. Namazova

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Idris. Hojatov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

  junior researcher