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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

37660 ­ ­ 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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Samira. Akbarova

Ph.D. student of Azerbaijan Technological University Lecturer at Mingachevir State University

   

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Fuad. Ibrahimov

Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union

  Doctor of Philosophy in Economics  

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Sadi. Ismayilov

Assistant director of Beylagan RASIC

  Doctor of Philosophy in Economics  

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. Hikmat

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

   

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Saadat. Guliyeva

Azerbaijan Academy of Labor and Social Relations

  Doctor of Philosophy in Economics  

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Ismayil. Kheyirkhabarov

Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Maarif. Yusiphov

Vegetable Research Institute

   

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Aligulu. Mehdiyev

Ph.D. student of Baku Engineering University

   

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Ruhiyya. Mammadrzayeva

Research Institute of Plant Protection and Technical Plants

   

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center