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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

32743 ­ ­ 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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Shovkat. Yusufova

Azerbaijan Cooperation University

  Ph.D., docent  

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University

   

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Huseynaga. Asadov

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

  Ph.D., ass, pr  

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Said. Mustafayev

Ph.D. student of the Agricultural Research Center

   

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Manzar. Nasibova

Senior researcher

   

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Akif. Aghbabali

Baku State University

   

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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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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University