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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

35273 ­ ­ 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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Sevil. Maharramova

PhD student of the Scientific Research Institute of Agromechanics

   

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Farman. Karimov

Research Institute of Plant Protection and Technical Plants

   

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Azer. Gurbanzadeh

Azerbaijan Cooperation University

  Ph.D., docent  

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Alamdar. Asgarov

Vegetable Research Institute

   

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Yunus. Sadigov

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

  Ph.D., docent  

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Andriy. Popovych

Instytut Ekonomiki Rolnictwa i Gospodarki Żywnościowej, Warszawa, Polska / Agricultural and Food Economics State Research Institute, Warsaw, Poland

  Ph.D.  

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Ramiz. Isgandarov

Department of "Economics and Statistics" of Azerbaijan Technical University

  prof, dr  

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Manzar. Nasibova

Senior researcher

   

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Hagar. Namazova

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

   

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Rovshan. Guliyev

Azerbaijan State Economic University (UNEC)

  prof, dr