Translation of the verse 47 from Surah Al-‘Ankabut : Number of verses 69 - - page 402 - Part 21.
And thus We have sent down the Book (i.e. this Quran) to you (O Muhammad SAW), and those whom We gave the Scripture [the Taurat (Torah) and the Injeel (Gospel) aforetime] believe therein as also do some of these (who are present with you now like 'Abdullah bin Salam) and none but the disbelievers reject Our Ayat [(proofs, signs, verses, lessons, etc., and deny Our Oneness of Lordship and Our Oneness of worship and Our Oneness of Our Names and Qualities: i.e. Islamic Monotheism)].
And thus We have sent down to you the Qur'an. And those to whom We [previously] gave the Scripture believe in it. And among these [people of Makkah] are those who believe in it. And none reject Our verses except the disbelievers.
(29:47) (O Prophet), thus have We bestowed the Book on you. *84 So those on whom We had bestowed the Book before believe in it, *85 and of these (Arabs) too a good many believe in it. *86 It is none but the utter unbelievers who deny Our Signs. *87
*84) This can have two meanings: (1) "Just as We had sent down the Books to the former Prophets, so We have sent down this Book to you"; and (2) "We have sent down this Book with the teaching that it should be believed in not by rejecting Our former Books but by affirming faith in all of them. "
*85) The context itself shows that this dces not imply all the people of the Book but only those who were blessed with the right understanding and the knowledge of the Divine Scriptures, and were "the people of the Book ' in the we sense. When this last Book of Allah came before them, confirming His earlier Books, they did not show any stubbornness or obstinacy but accepted it sincerely as they had accepted the previous Books.
*86) "These people": the people of Arabia. What it means to say is: The truth-loving people, whether they already possess a Divine Book or do not possess any, are affirming faith in it everywhere.
*87) Here, "the disbelievers" imply those people who are not prepared to give up their prejudices and accept the truth, or those who reject the truth because they do not want their lusts and their unbridled freedom to be subjected to restrictions.