The article describes main Islamic currents in Karachay urban district. In June 2013, 8 interviews and 1 group discussion were held. Empirical data formed a basis for scientific research of different types of religiousness of Karachays. The author investigated general tendencies in religious life of Karachay, specifics of interaction of traditional Muslims with representatives of the new Muslim movement. Author comes to a conclusion that current religious situation in the Karachay city district is continuation of the Soviet and pre-revolutionary Islamic tradition. Besides, the author considers that search of new religious identity at Karachays takes place with difficulties. Islam in the region develops under the influence of interacting opposite traditions and innovations.