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Opportunities to use alternative financial instruments in agriculture

Samir Agayev Sakhavat

samir.aghaev@gmail.com

40597 ­ ­ 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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Nargiz. Hasanova

Azerbaijan State Agrarian University

   

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Bahruz. Nuriyev

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Gulsum. Badirzade

Ph.D. student of the Azerbaijan Cooperation University

   

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Rashad. Ahmadov

Education Center of Tax Ministry of Azerbaijan Republic

   

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Ramil. Huseyn

Center for Economic Reforms and Communication

  Doctor of Economics  

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Novruz. Rahimov

Ph.D. student of the Azerbaijan Cooperation University

   

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Izzat. Talibov

Chief consultant in Ministry of Agriculture of Azerbaijan Republic

   

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Mushfiga. Mammadova

Agricultural Economics Research Center

  Ph.D., docent  

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Rashad. Huseynov

Agricultural Research Center, director

  Doctor of Philosophy in Economics  

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Aygun. Huseynova

Baku State University

   

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Alamdar. Asgarov

Vegetable Research Institute

   

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Ilkin. Huseynov

Doctoral Student Agrarian Research Center

   

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Konul. Mamedova

Ph.D. student of the Agricultural Economics Research Center

   

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Eljan. Abbasov

Ph.D. student of Azerbaijan State Agrarian University

   

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Khayala. Guliyeva

Ph.D. student of the Agricultural Research Center

   

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Abdulrahim. Dadashov

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