Image encryption is not a very developed field yet plays a role in a number of vital industries. Most Image based encryptions use Block Algorithms like DES, which are suitable for Text Encryption. These algorithms if implemented for image are vulnerable to statistical attacks. In this paper, the authors introduce a new image encryption algorithm. This encryption method inherits the advantages of 'Chaos-based' encryption method, which has a high sensitivity to the encryption key, a large space of encryption keys, a random like property, etc. The algorithm can also be extended to data like audio and video.