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Home 36. April 2021 Opportunities to use alternative financial instruments in agriculture

Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat
samir.aghaev@gmail.com

41716 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

 

UOT: 336.77, 338.43

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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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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Gunel. Naghiyeva

Master of Azerbaijan State University of Economics (UNEC)

   

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Abrehet. Mehari

Lecturer in Ethiopia Civil Service University, Ethiopia, Addis Ababa; Ph.D. candidate in Azerbaijan State University of Economics

   

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Nurangiz. Mikayilova

Doctoral student of the Agricultural Research Center

  Ph.D., docent  

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Idris. Hojatov

Ministry of Science and Education of the Republic of Azerbaijan, Institute of Dendrology

  junior researcher  

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Rena. Musayeva

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

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Teymur. Nagibeyli

Ph.D. student of the Agricultural Economics Research Center

   

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Elbrus. Akbarov

Azerbaijan State University of Economics (UNEC), senior lecturer

   

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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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Vahid. Abbasov

Head of the Department of Economics, Baku State University

  prof, dr  

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Elnara. Kazimova

Azerbaijan State Agrarian University

  senior lecturer