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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

35724 ­ ­ 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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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Lala. Jabbarlı

Ph.D. student of the Agricultural Economics Research Center

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Galib. Hajiyev

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

  Ph.D., docent  

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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Rasul. Balayev

Azerbaijan State University of Economics, professor

  prof, dr  

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Zakir. Guliyev

Baku Business University

  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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Esmira. Latifova

Director Adviser, Agricultural Economics Research Center

   

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Aykhan. Gadashov

Head of the portal azexport.az Ph.D. student of the Agricultural Research Center

   

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Aytekin. Huseynli

Ph.D. student of the Baku State University

   

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Natig. Mirzayev

Lankaran State University