In Islam, Jesus is considered to be a Messenger of God and the Masih (Messiah) who was sent to guide the Children of Israel with a new scripture, the Injl or Gospel. The belief in Jesus (and all other messengers of God) is required in Islam, and a requirement of being a Muslim. The Quran mentions Jesus twenty-five times, more often, by name, than Muhammad. It states that Jesus was born to Mary (Arabic: Maryam) as the result of virginal conception, a miraculous event which occurred by the decree of God (Arabic: Allah). To aid in his ministry to the Jewish people, Jesus was given the ability to perform miracles (such as healing the blind, bringing dead people back to life, etc.), all by the permission of God rather than of his own power. According to the popular opinion and Muslim traditions, Jesus was not crucified but instead, he was raised up by God unto the heavens. This "raising" is understood to mean through bodily ascension.
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Yes, Muslims believe in all Holy Prophets beginning from Prophet Adam to Prophet Muhammed(Peace be upon them), Prophet Muhammed being the Last Prophet(Pbuh). Hence, Muslims believe Jesus as Prophet and revere him.