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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

39340 ­ ­ 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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Galib. Hajiyev

Department of “Economy of enterprise” of Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Isak. Hasanov

Head of Shamkir Support Point

   

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Abdulrahim. Dadashov

Ph.D. candidate of UNEC, Agricultural Economics Research Center

   

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Nneka. Osadolor

Department of Economics, University of Benin, Nigeria Department of Economics, University of Ibadan, Nigeria

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Saadat. Hajiyeva

Agricultural Economics Research Center, Deputy director

  Doctor of Philosophy in Economics  

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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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Eldar. Guliyev

Agricultural Economics Research Center

  Ph.D., docent  

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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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Anar. Azimov

Azerbaijan Food Safety Agency, Head of the International Relations Department

   

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Huseynaga. Asadov

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

  Ph.D., ass, pr  

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Manzar. Nasibova

Senior researcher

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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Gabil. Kazimov

Research Institute of Crop Husbandry