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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

39052 ­ ­ 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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Akif. Aghbabali

Baku State University

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Nazrin. Ramazanova

Master of Azerbaijan State University of Economics (UNEC)

   

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Gulnara. Salimova

Senior Researcher of the Research Institute for Economic Reforms

   

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Parviz. Aliyev

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

   

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Fakhraddin. Aghayev

Vegetable Research Institute

   

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Tural. Mammadzade

Ph.D. student of

   

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Fuad. Ibrahimov

Economic issues expert of the Center for Socio-Economic and Ecological Research Public Union

  Doctor of Philosophy in Economics  

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Ramil. Asgarov

Doctoral student of Azerbaijan State Agrarian University

   

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Emin. Ahmedzadeh

Doctoral student of the Agricultural Research Center

  Doctor of Philosophy in Economics  

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Galib. Sharifov

Head of the Department of Quality Management of "Agro Procurement and Supply" OJSC, ISO standards expert

  Doctor of Philosophy in Economics  

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Anar. Bayramov

Ph.D. student of the Agricultural Research Center

   

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Chilenay. Abishova

Ph.D. student of the Agricultural Economics Research Center

   

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Yusif. Humbatov

Azerbaijan University of Technology

   

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Rena. Musayeva

Department of “Economic Regulation” of Azerbaijan State University of Economics (UNEC)