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The growth in the welfare of citizens of countries with a predominantly Muslim population and the increase in free resources in the countries of the Middle East have formed trends towards the development of Islamic banking. Islamic banking is an integral part of the economy of many countries around the world and is actively developing, including in Russia. The active growth of transaction volumes in this sector of the economy increases every year, which confirms the relevance of the research. The article discusses the prospects for the development of Islamic banking in Russia and its features. [ABSTRACT FROM AUTHOR]