Islamic financial instruments as a factor of sustainable development of the regions of Russia

Subject. The operation in Russia of an experimental legal regime for partnership financing, attracting investment to Russia from Islamic countries. Objectives. Assessment of the impact of Islamic financial instruments on investment growth. Methods. General scientific research methods were applied. Results. The Islamic financial instrument Murabaha is closest to traditional loans, which allows it to be used as a basis for transitioning to more complex instruments. A roadmap has been developed for the development of the Islamic finance system in Russia, the implementation of which will increase our country's investment potential and strengthen ties with Middle Eastern countries. Conclusions. The results of the study can be taken into account in the development of programs for the development of Russia's financial system.