Islamic economy remains one of the ideologems of Muslim tradition linked to the social justice and ethic norms of behavior of a Muslim. Its norms are proclamed in holy Coran and Sunna. The elaboration of its princeples has been continuning since YIII century. However Islamic economy is deprived of a practical sence. Its most significant achievement is an Islamic banking which activity is spread in the Muslim world. Today the idea of Islamic economy first of all Islamic banking is rather used by reach Muslam states, first of all by Saudi Arabia. In ithe Russia’s Muslim regions the activity of the Islamic banking is not significant because it is not compatible with laws of the Russian Federatiom. However in the last years the Islamic banking has recieved a certain impulse for its development.