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Gotquestions.orgIn his paper on the role of Israel, Rev Stewart shows how OT Covenant Promises to National Israel are fullfilled to the Church of the NT by the Head of the Church, Christ:
There is no “New Israel.” The Church has not become a new Israel, nor has it taken the place of old Israel. Simply put, followers of the Jewish King, believers in the Jewish Messiah make up true (not new) Israel. If those followers are Gentiles, then they have been grafted in and given citizenship in Israel—that is, they have been made part of the people of God. Today, the majority of Jesus’ followers are Gentiles while the majority of Jews are not His followers; however, we do expect that to change one day as God will once again move within the hearts of ethnic Israel. Even now, we see more and more ethnic Jews take their place in true Israel as subjects of the King. Incidentally, these believers are not welcome to return to Israel as citizens, as they are not considered bona fide Jews by the Israeli government. Perhaps these Jews, if anyone, should be considered New Israel.