diff --git a/CONTRIBUTORS.txt b/CONTRIBUTORS.txt
index 197b8da9f8..395c804841 100644
--- a/CONTRIBUTORS.txt
+++ b/CONTRIBUTORS.txt
@@ -454,3 +454,5 @@ contributors:
 * Lefteris Karapetsas: contributor
 
 * Louis Sautier: contributor
+
+* Alexander Kapshuna: contributor
diff --git a/ChangeLog b/ChangeLog
index 5ba13b7755..6af40d64be 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -21,6 +21,9 @@ Release date: TBA
 
   Closes #4149
 
+* Add `allowed-redefined-builtins` option for fine tuning `redefined-builtin` check.
+
+  Close #3263
 
 What's New in Pylint 2.7.2?
 ===========================
@@ -35,7 +38,6 @@ Release date: 2021-02-28
 
 * Workflow and packaging improvements
 
-
 What's New in Pylint 2.7.1?
 ===========================
 Release date: 2021-02-23
@@ -298,7 +300,6 @@ What's New in Pylint 2.5.4?
 
   Close #3564
 
-
 What's New in Pylint 2.5.3?
 ===========================
 
diff --git a/doc/whatsnew/2.7.rst b/doc/whatsnew/2.7.rst
index 3d5d77ac3e..5729e499e4 100644
--- a/doc/whatsnew/2.7.rst
+++ b/doc/whatsnew/2.7.rst
@@ -54,3 +54,5 @@ Other Changes
 * `len-as-conditions` is now triggered only for classes that are inheriting directly from list, dict, or set and not implementing the `__bool__` function, or from generators like range or list/dict/set comprehension. This should reduce the false positive for other classes, like pandas's DataFrame or numpy's Array.
 
 * Fixes duplicate code detection for --jobs=2+
+
+* New option `allowed-redefined-builtins` defines variable names allowed to shadow builtins.
diff --git a/pylint/checkers/variables.py b/pylint/checkers/variables.py
index c7fd631848..3d7eadc20d 100644
--- a/pylint/checkers/variables.py
+++ b/pylint/checkers/variables.py
@@ -667,6 +667,15 @@ class VariablesChecker(BaseChecker):
                 "help": "Tells whether unused global variables should be treated as a violation.",
             },
         ),
+        (
+            "allowed-redefined-builtins",
+            {
+                "default": (),
+                "type": "csv",
+                "metavar": "<comma separated list>",
+                "help": "List of names allowed to shadow builtins",
+            },
+        ),
     )
 
     def __init__(self, linter=None):
@@ -829,8 +838,10 @@ def visit_functiondef(self, node):
                         "redefined-outer-name", args=(name, line), node=stmt
                     )
 
-            elif utils.is_builtin(name) and not self._should_ignore_redefined_builtin(
-                stmt
+            elif (
+                utils.is_builtin(name)
+                and not self._allowed_redefined_builtin(name)
+                and not self._should_ignore_redefined_builtin(stmt)
             ):
                 # do not print Redefining builtin for additional builtins
                 self.add_message("redefined-builtin", args=name, node=stmt)
@@ -1752,6 +1763,9 @@ def _should_ignore_redefined_builtin(self, stmt):
             return False
         return stmt.modname in self.config.redefining_builtins_modules
 
+    def _allowed_redefined_builtin(self, name):
+        return name in self.config.allowed_redefined_builtins
+
     def _has_homonym_in_upper_function_scope(self, node, index):
         """
         Return True if there is a node with the same name in the to_consume dict of an upper scope
diff --git a/tests/functional/r/redefined_builtin_allowed.py b/tests/functional/r/redefined_builtin_allowed.py
new file mode 100644
index 0000000000..ec7697dfce
--- /dev/null
+++ b/tests/functional/r/redefined_builtin_allowed.py
@@ -0,0 +1,9 @@
+"""Tests for redefining builtins."""
+
+def function():
+    """Allow some redefines."""
+    dir = "path"  # allowed in config
+    dict = "wrong"  # [redefined-builtin]
+    print(dir, dict)
+
+list = "not in globals" # [redefined-builtin]
diff --git a/tests/functional/r/redefined_builtin_allowed.rc b/tests/functional/r/redefined_builtin_allowed.rc
new file mode 100644
index 0000000000..845729dcee
--- /dev/null
+++ b/tests/functional/r/redefined_builtin_allowed.rc
@@ -0,0 +1,4 @@
+[messages control]
+disable = invalid-name
+[variables]
+allowed-redefined-builtins = dir, list
diff --git a/tests/functional/r/redefined_builtin_allowed.txt b/tests/functional/r/redefined_builtin_allowed.txt
new file mode 100644
index 0000000000..cd97f3249f
--- /dev/null
+++ b/tests/functional/r/redefined_builtin_allowed.txt
@@ -0,0 +1,2 @@
+redefined-builtin:6:4:function:Redefining built-in 'dict'
+redefined-builtin:9:0::Redefining built-in 'list'