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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

38136 ­ ­ 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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Aytekin. Huseynova

Ph.D. student of Azerbaijan Cooperation University

   

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Ramil. Huseyn

Center for Economic Reforms and Communication

  Doctor of Economics  

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Jubril. Animashaun

Department of Economics, The University of Manchester, UK / Department of Agricultural Economics, University of Ilorin, Nigeria

   

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Israfil. Ismayilov

Member of the Russian Academy of Natural Sciences

  Prof. Dr.  

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Manzar. Nasibova

Senior researcher

   

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Yegane. Abbasova

Azerbaijan State Agrarian University

  Doctor of Philosophy in Economics  

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Tarlan. Gorchiyeva

PhD student of the Agricultural Economics 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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Mekhman. Rzayev

Sumgait Chemical-Industrial Park

  doctor of agrarian sciences  

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Huseynaga. Asadov

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

  Ph.D., ass, pr  

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Javahir. Allahverdiyeva

Azerbaijan State Agrarian University

  senior lecturer  

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Kenan. Mammadov

Associate Professor, Azerbaijan Technical University

  Doctor of Philosophy in Economics  

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Elnur. Alakbarov

Dissertant of the Agricultural Economics Research Center

   

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Ramina. Mustafayeva

Azerbaijan State Agrarian University

  Ph.D., docent  

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Rovshan. Guliyev

Azerbaijan State Economic University (UNEC)

  prof, dr  

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Faiq. Gasimli

PhD student of the Agricultural Economics Research Center