The trend of atheism and agnosticism is generally on the rise in the world. Muslim youth, being an integral part of the world and its issues is being immensely influenced by this trend. When the apparently strict code of conduct set by Islam bothers them, they try to look for a guilt free ideology. They like to believe that renouncing Islam and the belief in Allah as the Creator gives them a free hand in life. This dissertation attempts to point out the underlying factors which have been influencing the Muslim youth in particular and the whole world in general. This is a survey based dissertation which points outs with facts and figures the reasons and remedies for this prevalent trend