Karakul topi is also sometimes called jinnah cap or Uzbek hat. The hat is peaked and folds flat when taken off the head. The fur used is imported and the cap is made in Kashmir itself by local artisans. Karakul is considered to be a symbol of honor among most of the people in the valley.

Kashmiri politicians, Kashmiri priests and noted Kashmiris regularly flaunt the karakuli.