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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

24375 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

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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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Abdulrahim. Dadashov

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

   

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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Turana. Mustafayeva

Ph.D. student of Western Caspian University

   

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Leyla. Hajiyeva

Ph.D. student of the Agricultural Economics Research Center

   

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Fariz. Suleymanov

Ph.D. student of the Azerbaijan State Agrarian University

   

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Turan. Ahmadli

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Mehman. Rzayev

Azerbaijan RPA Hydrotechnics and Melioration

  doctor of agrarian sciences  

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Idris. Hojatov

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

  junior researcher  

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Said. Mustafayev

Ph.D. student of the Agricultural Research Center

   

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Samir. Maharramov

Doctoral student of the Azerbaijan Tourism and Management University

   

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Nijat. Muradov

Ph.D. student of the Institute of Economics, Ministry of Science and Education of the Republic of Azerbaijan

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University