Islam gives the lesson of peace. The concept of peace given by Islam is the global peace, it is not only limited to the Muslim countries. The major objective of this research study is to analytical study of peace related knowledge, values and skills in the light of the Holy Quran and Sunnah (SAW) which are helpful and main pillars of peacebuilding in the world. Islam does not give the lesson of wars and fighting but also permits the wars and fighting for maintaining peace. The Muslims are allowed to fight conditionally for defending and the protection of their faith. Islam does not like the persons who have desire for fighting and loves those people who live peacefully in the society. According to Islam, the concept of peace ,conflict, war, jihad, terrorism, extremism, human rights, justice, patience cooperation, non-violence and managing strategies of conflicts (Mediation, Critical thinking (Ijtihad, shura (decision making),Sulha (Reconciliation) and Treaties were presented in details.