This invention provides an image capturing lens system in order from an object side to an image side comprising five lens elements with refractive power: a first lens element with positive refractive power having a convex object-side surface; a second lens element with negative refractive power; a third lens element with both the object-side and image-side surfaces thereof being aspheric; a plastic fourth lens element with both the object-side and image-side surfaces thereof being aspheric; and a plastic fifth lens element having a concave image-side surface, both the object-side and image-side surfaces thereof being aspheric, and at least one inflection point is formed on at least one of the object-side and image-side surfaces thereof. By such arrangement, the lens system of the invention has larger chief ray angle, and thereby not only the total track length of the system can be reduced, but also better image quality can be obtained.