As European civilization began to use its post-modernization power as a means of oppression against other civilizations, it was inevitable that Islamic thinkers react to it. In terms of intellectual reaction, the place of Crimean Gaspirali Ismail who stands at the crossroads of Western, Russian and Turkish modernization is especially interesting. He, being as regards his life and thought, a close follower of the developments in the West, inquired into the possibilities Islamic civilization, as opposed to European one, concerning the salvation and happiness of mankind and suggested that it shall be essentially based on the concept of equity. He is an intellectual who argued that bipolar, i.e. capitalist and socialist, world would lead mankind to a catastrophe and searched for the ways through which Islamic civilization could be reconstructed. In this work, we emphasized the concept of equity, which is central for Gaspirali as regards the formation of a global civilization that is accurate to human dignity and we tried to describe the actual significance of the concept.