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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

27571 ­ ­ 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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AUTHORS

 

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Orkhan. Balayev

Education Center of Tax Ministry of Azerbaijan Republic

   

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Parviz. Aliyev

Chief of department, Agricultural Research Center
Ph.D. student of the Agricultural Research Center

   

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Vuqar. Namazov

Ph.D. candidate of the Azerbaijan State Economic University (UNEC)

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Natig. Mirzayev

Lankaran State University

   

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Ceyran. Babirova

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

   

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Elay. Zeynalli

Azerbaijan State Agrarian University

   

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Nazrin. Ramazanova

Master of Azerbaijan State University of Economics (UNEC)

   

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Umkhanim. Agakishiyeva

Teacher of Azerbaijan University of Architecture and Construction

   

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Okiemua. Okoror

Department of Economics, University of Benin, Nigeria | Department of Economics, University of Reading, UK

   

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Vagif.

Center for Local Economic Reforms

  Ph.D., docent  

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Nneka. Osadolor

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

   

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Rasul. Balayev

Azerbaijan State University of Economics, professor

  prof, dr  

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Turan. Hajiyeva

Specialist of the Agricultural Research Center