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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

40191 ­ ­ 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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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Isak. Hasanov

Head of Shamkir Support Point

   

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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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Nigar. Gasimova

Agricultural Research Center, senior specialist

   

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Ulker. Mammadova

Ph.D. student of the Azerbaijan Cooperation University

   

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Abbas. Safarov

Ph.D. student of the Agricultural Research Center

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Irada. Huseynova

Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS

  academician  

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Mushfiq. Tukanov

Ph.D. student of the Agricultural Research Center

   

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Aygun. Huseynova

Baku State University

   

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Nizami. Gafarov

Doctor of Science Program of Agro Researches Center

  Ph.D., docent  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center