Those (who embraced Islam from Bani Israel) to whom We gave the Book [the Taurat (Torah)] [or those (Muhammad"s Peace be upon him companions) to whom We have given the Book (the Quran)] recite it (i.e. obey its orders and follow its teachings) as it should be recited (i.e. followed), they are the ones that believe therein. And whoso disbelieves in it (the Quran), those are they who are the losers. (Tafsir Al-Qurtubi. Vol. 2, Page 95).
O Children of Israel! Remember My Favour which I bestowed upon you and that I preferred you to the"Alamin (mankind and jinns) (of your time-period, in the past).
And fear the Day (of Judgement) when no person shall avail another, nor shall compensation be accepted from him, nor shall intercession be of use to him, nor shall they be helped.
And (remember) when the Lord of Ibrahim (Abraham) [i.e., Allah] tried him with (certain) Commands, which he fulfilled. He (Allah) said (to him),"Verily, I am going to make you a leader (Prophet) of mankind." [Ibrahim (Abraham)] said,"And of my offspring (to make leaders)." (Allah) said,"My Covenant (Prophethood, etc.) includes not Zalimun (polytheists and wrong-doers)."
And (remember) when We made the House (the Ka"bah at Makkah) a place of resort for mankind and a place of safety. And take you (people) the Maqam (place) of Ibrahim (Abraham) [or the stone on which Ibrahim (Abraham) stood while he was building the Ka"bah] as a place of prayer (for some of your prayers, e.g. two Rak"at after the Tawaf of the Ka"bah at Makkah), and We commanded Ibrahim (Abraham) and Isma"il (Ishmael) that they should purify My House (the Ka"bah at Makkah) for those who are circumambulating it, or staying (I"tikaf), or bowing or prostrating themselves (there, in prayer).
And (remember) when Ibrahim (Abraham) said,"My Lord, make this city (Makkah) a place of security and provide its people with fruits, such of them as believe in Allah and the Last Day." He (Allah) answered:"As for him who disbelieves, I shall leave him in contentment for a while, then I shall compel him to the torment of the Fire, and worst indeed is that destination!"
And (remember) when Ibrahim (Abraham) and (his son) Isma"il (Ishmael) were raising the foundations of the House (the Ka"bah at Makkah), (saying),"Our Lord! Accept (this service) from us. Verily! You are the All-Hearer, the All-Knower."
"Our Lord! And make us submissive unto You and of our offspring a nation submissive unto You, and show us our Manasik (all the ceremonies of pilgrimage - Hajj and"Umrah, etc.), and accept our repentance. Truly, You are the One Who accepts repentance, the Most Merciful.
"Our Lord! Send amongst them a Messenger of their own (and indeed Allah answered their invocation by sending Muhammad Peace be upon him ), who shall recite unto them Your Verses and instruct them in the Book (this Quran) and Al-Hikmah (full knowledge of the Islamic laws and jurisprudence or wisdom or Prophethood, etc.), and sanctify them. Verily! You are the All-Mighty, the All-Wise."
And who turns away from the religion of Ibrahim (Abraham) (i.e. Islamic Monotheism) except him who befools himself? Truly, We chose him in this world and verily, in the Hereafter he will be among the righteous.
When his Lord said to him,"Submit (i.e. be a Muslim)!" He said,"I have submitted myself (as a Muslim) to the Lord of the"Alamin (mankind, jinns and all that exists)."
And this (submission to Allah, Islam) was enjoined by Ibrahim (Abraham) upon his sons and by Ya"qub (Jacob), (saying),"O my sons! Allah has chosen for you the (true) religion, then die not except in the Faith of Islam (as Muslims - Islamic Monotheism)."
Or were you witnesses when death approached Ya"qub (Jacob)? When he said unto his sons,"What will you worship after me?" They said,"We shall worship your Ilah (God - Allah), the Ilah (God) of your fathers, Ibrahim (Abraham), Isma"il (Ishmael), Ishaque (Isaac), One Ilah (God), and to Him we submit (in Islam)."
That was a nation who has passed away. They shall receive the reward of what they earned and you of what you earn. And you will not be asked of what they used to do.
And they say,"Be Jews or Christians, then you will be guided." Say (to them, O Muhammad Peace be upon him ),"Nay, (We follow) only the religion of Ibrahim (Abraham), Hanifa [Islamic Monotheism, i.e. to worship none but Allah (Alone)], and he was not of Al-Mushrikun (those who worshipped others along with Allah - see V.2:105)."
Say (O Muslims),"We believe in Allah and that which has been sent down to us and that which has been sent down to Ibrahim (Abraham), Isma"il (Ishmael), Ishaque (Isaac), Ya"qub (Jacob), and to Al-Asbat [the twelve sons of Ya"qub (Jacob)], and that which has been given to Musa (Moses) and"Iesa (Jesus), and that which has been given to the Prophets from their Lord. We make no distinction between any of them, and to Him we have submitted (in Islam)."
So if they believe in the like of that which you believe, then they are rightly guided, but if they turn away, then they are only in opposition. So Allah will suffice you against them. And He is the All-Hearer, the All-Knower.
[Our Sibghah (religion) is] the Sibghah (Religion) of Allah (Islam) and which Sibghah (religion) can be better than Allah"s? And we are His worshippers. [Tafsir Ibn Kathir.]
Say (O Muhammad Peace be upon him to the Jews and Christians),"Dispute you with us about Allah while He is our Lord and your Lord? And we are to be rewarded for our deeds and you for your deeds. And we are sincere to Him in worship and obedience (i.e. we worship Him Alone and none else, and we obey His Orders)."
Or say you that Ibrahim (Abraham), Isma"il (Ishmael), Ishaque (Isaac), Ya"qub (Jacob) and Al-Asbat [the twelve sons of Ya"qub (Jacob)] were Jews or Christians? Say,"Do you know better or does Allah (knows better? that they all were Muslims)? And who is more unjust than he who conceals the testimony [i.e. to believe in Prophet Muhammad Peace be upon him when he comes, written in their Books. (See Verse 7:157)] he has from Allah? And Allah is not unaware of what you do."