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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

33507 ­ ­ AZ ­ ­ 36. April 2021 ­ ­­ ­ agricultural lending Islamic financial instruments traditional financial instruments traditional financing Islamic financing mechanism

 

UOT: 336.77, 338.43

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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Gamar. Ibrahimova

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Zaur. Asadov

Azerbaijan State Oil and Industrial University

  Doctor of Philosophy in Economics  

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Yunus. Sadigov

Azerbaijan National Academy of Sciences, Institute of Economics, Lead Researcher

  Ph.D., docent  

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Turan. Hajiyeva

Specialist of the Agricultural Research Center

   

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Nurangiz. Mikayilova

Doctoral student of the Agricultural Research Center

  Ph.D., docent  

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Abdulrahim. Dadashov

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

   

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Shamil. Rajabov

Special Constructor Technology Bureau of the National Aerocosmic Agency

   

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Natig. Javadov

Azerbaijan State Agrarian University

  prof, dr  

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Gabil. Kazimov

Research Institute of Crop Husbandry

   

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Ismayil. Kheyirkhabarov

Azerbaijan State University of Economics (UNEC)

  Ph.D., docent  

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Ulviyya. Rasulova

Azerbaijan State University of Economics (UNEC)

   

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Farman. Karimov

Research Institute of Plant Protection and Technical Plants

   

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Fuad. Rzayev

Ph.D. student of the Azerbaijan Technical University