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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

40893 ­ ­ 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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Sabina. Valiyeva

Doctoral student of the Agro Researches Center

  Ph.D., docent  

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

  Doctor of Philosophy in Economics  

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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Bakhtiyar. Babashli

National Aviation Academy, PhD Candidate

  Ph.D.  

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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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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Ali. Zingirov

Azerbaijan State Agrarian University

  Исполняющий обязанности доцента, доктор философии по технике  

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Khayyam. Javadzadeh

Azerbaijan State University of Economics, UNEC

  Ph.D., docent  

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Расим. Алиев

Chief economist, Scientific Research Institute of Agriculture

  Doctor of Philosophy in Economics  

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Hagar. Namazova

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

   

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center