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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

39805 ­ ­ 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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Ramil. Aliyev

Ph.D. student of the Agricultural Research Center

   

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Alizamin. Guliyev

Ph.D. candidate of the Azerbaijan Technical University

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center

   

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Ruhiyya. Gambarova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Akif. Valiyev

Agricultural Economics Research Center

  Doctor of Economics  

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Emilya. Shukurova

диссертант Бакинского государственного университета

   

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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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Фамиль. Рустамов

Institute of Economics of the Ministry of Science and Education, "Economic problems of the agricultural sector" department

  Ph.D., docent  

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Manzar. Nasibova

Senior researcher

   

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Ali. Zingirov

Azerbaijan State Agrarian University

  Исполняющий обязанности доцента, доктор философии по технике  

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)

   

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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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Nurangiz. Mikayilova

Doctoral student of the Agricultural Research Center

  Ph.D., docent