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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

38512 ­ ­ 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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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Murad. Hajiyev

Ph.D. student of the Agricultural Research Center

   

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Tural. Mammadzade

Ph.D. student of

   

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Hamza. Khalilov

Agricultural Economics Research Center, Advisor to the director

  prof, dr  

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Galib. Sharifov

Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert

  Doctor of Philosophy in Economics  

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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Arzu. Huseyn

Azerbaijan Tourism and Management University

  Ph.D., docent  

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics