This paper probes the question as to whether Islam as a religion is exclusivist or intolerant as is commonly presented by some quarters both in the East and West. The core argument presented in this paper is that Islam, both as a faith and practicing religion, is not intolerant, militant and exclusivist vis-a-vis other faiths. Divided into four sections, the paper opens with specific references to some of the general foundational principles bearing on Islam's universal outlook and its intrinsic egalitarianism. The second section discusses some apparent differences that Islam has with other revealed faiths. Third section highlights the relevant Quranic revelations bearing on the core theme of the paper. Finally, a brief reference is made to how far these Quranic principles were acted upon by the Prophet (PBUH) and some of his Companions.