Absolutely, most Mohammedans reject the Bible.
Such is the case here, where Mohammedans are trying to execute a Christian for reading the Gospel.
Muslims are anything BUT tolerant and peaceful people. This entry by Ms. Malkin enforces my point.
I have heard other Muslims on TV say that they accept the OT, that Allah and YHWH are the same God, etc. I think this may be for public consumption though.