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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

37332 ­ ­ 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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Sabuhi. Eldarov

Research Institute of Plant Protection and Technical Plants

   

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center

   

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Ulviyya. Rasulova

Azerbaijan State University of Economics (UNEC)

   

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Zohra. Abbasova

Ph.D. student of the Agro Researches Center

   

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Emilya. Shukurova

диссертант Бакинского государственного университета

   

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Boyukxanum. Abdulkarim

Baku State University

   

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Gulnara. Jafarova

Agricultural Economics Research Center, leading specialist

  Doctor of Philosophy in Economics  

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Uhayna. Valehzadeh

Ph.D. student of the Agricultural Research Center Lecturer at Azerbaijan Tourism and Management University

   

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Vugar. Mehdiyev

h.D., Associate Professor, V.M. Mehdiyev Azerbaijan University of Cooperation

  Ph.D., docent  

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Yusif. Akhundov

Ph.D. student of the Agricultural Research Center

   

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Ayaz. Museyibov

Center for Analysis of Economic Reforms and Communication

   

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Ibrahim. Jafarov

Azerbaijan State Agricultural University

  Corresponding member of ANAS, prof  

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Said. Mustafayev

Ph.D. student of the Agricultural Research Center