Abstract
<jats:p>Amid the global transformation of financial systems and the search for ethical alternatives to traditional banking, Islamic finance is demonstrating steady growth, particularly within and beyond countries with Muslim populations. This article analyzes the potential of applying Islamic banking contracts (Murabaha, Ijarah, Musharakah, Sukuk) to finance and develop tourism infrastructure. It examines the legal, economic, and organizational aspects of implementing these instruments in the CIS countries, specifically in Russia and Central Asia, taking into account the unique characteristics of the tourism sector. The author proposes concrete solutions for attracting investment through partnership-based and debt-based Islamic instruments, while also identifying the barriers and future prospects of their implementation. </jats:p>