In the paper presented an attempt is made to describe a general orientation of the worldview of Islamic Neomodernists, representing the new step in developing the revivalist Islamic thought. The common themes in key Neomodernist projects are elicited, while their primary concerns are explained. Special attention is devoted to the problematic theoretical situation which formed Neomodernism, namely the problem of the origins of tradition. The author decides in favour of distinctive understanding of history and of the part reason and Revelation both play in the solution that Neomodernism proposes. The widespread misconceptions about the nature of Neomodernist deconstruction are criticised, as well as the superfi cial explanation of «humanistic hermeneutics». Both obstacles and prospects of the Neomodernist project are explicated. In his conclusion the author indicates the connection between Neomodernism and some trends of Western philosophy.