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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

29077 ­ ­ 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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Ramiz. Isgandarov

Department of "Economics and Statistics" of Azerbaijan Technical University

  prof, dr  

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Yusif. Abayev

Ph.D. student of the İnstitute of Economics of ANAS

   

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Elchin. Khalilov

Research Institute of Plant Protection and Technical Plants

   

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Tahmina. Safarli

Ph.D. student of the Baku State University

   

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Javad. Gojamanov

Ph.D. student of Baku State University

   

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Savalan. Seyfaddinov

Senior researcher at the Scientific Research Institute of Agriculture Ministry of Agriculture of the Republic of Azerbaijan

  Ph.D. in Agrarian Sciences  

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Irada. Huseynova

Vice-president of Azerbaijan National Academy of Sciences Director of the Institute of Molecular Biology and Biotechnology, ANAS

  academician  

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Agshin. Huseynzade

Master of Azerbaijan State University of Economics (UNEC)

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Ulviyya. Rasulova

Azerbaijan State University of Economics (UNEC)

   

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Aygun. Salimova

Student of Azerbaijan State University of Economics (UNEC)

   

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Anar. Abbasov

Azerbaijan University of Cooperation

  prof, dr