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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

25642 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

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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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Natig. Mirzayev

Lankaran State University

   

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Ramil. Huseyn

Center for Economic Reforms and Communication

  Doctor of Economics  

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Rafiz. Ismayilli

student of the Agricultural Economics Research Center

   

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Ceyran. Babirova

Ph.D. student Azerbaijan State University of Economics (UNEC)

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr  

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics  

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Ayaz. Museyibov

Center for Analysis of Economic Reforms and Communication

   

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. Hikmat

Ph.D. in agrarian sciences, docent H.N. Nasibov

   

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Jahani. Nusretzade

Scientific Research Institute of Fruit-growing and Tea-growing

   

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Lotanna. Emediegwu

Department of Economics, The University of Manchester, UK | Department of Agricultural Economics, University of Ilorin, Nigeria | Department of Economics, Policy and International Business, Manchester Metropolitan University, UK

   

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Firidun. Taghiyev

Head of department of Ministry of Agriculture of Azerbaijan Republic

   

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Boyukxanum. Abdulkarim

Baku State University

   

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Heydar. Agayev

Ph.D. student of the Azerbaijan Cooperation University

   

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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