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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

26157 ­ ­ 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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Khaliq. Ghafarli

Ph.D. student of the Agricultural Research Center

   

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Samir. Akhmedov

Ph.D. student of the Agricultural Economics Research Center

   

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Nurida. Gasimova

Ph.D. student of Azerbaijan University of Cooperation

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Elnur. Alakbarov

Dissertant of the Agricultural Economics Research Center

   

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Arastun. Jalilov

  Doctor of Philosophy in Economics  

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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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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. Hikmat

Ph.D. in agrarian sciences, docent H.N. Nasibov

   

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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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Isak. Hasanov

Head of Shamkir Support Point

   

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center

   

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Sarvan. Jafarov

Ph.D. student of the Agricultural Economics Research Center

   

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Shamil. Rajabov

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Gurban. Mirzayev

Azerbaijan State Agrarian University