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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

35880 ­ ­ 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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Ramina. Mustafayeva

Azerbaijan State Agrarian University

  Ph.D., docent  

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Izzat. Talibov

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Najiba. Hajiyeva

Baku State University

  Doctor of Philosophy in Economics  

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Samir. Maharramov

Doctoral student of Azerbaijan Tourism and Management University

   

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Aytan. Shukurova

Azerbaijan Cooperation University, senior teacher, dissertator

   

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Ramil. Aliyev

Ph.D. student of the Agricultural Research Center

   

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Gulnar. Bashirova

Master of Azerbaijan State University of Economics (UNEC)

   

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Yunus. Sadigov

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

  Ph.D., docent  

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Elchin. Salahov

Azerbaijan State Agricultural University

  Doctor of Philosophy in Economics  

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Parviz. Aliyev

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

   

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Vusala. Babayeva

Doctor of Science Program of Agricultural Economics Research Center

  Doctor of Philosophy in Economics  

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Talib. Huseynov

PhD student of the Agricultural Economics Research Center

   

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Turaj. Musayev

Agricultural Economics Research Center, leading specialist

   

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Javid. Hasanov

Senior specialist, Agricultural Research Center Ph.D. student of the Agricultural Research Center

   

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Zakir. Guliyev

Baku Business University

  Doctor of Philosophy in Economics  

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Turan. Ahmadli

Special Constructor Technology Bureau of the National Aerocosmic Agency