Abstract: The purpose of this paper is to demonstrate how, in response to that critical readings in the Biblical studies, historical criticism, formalism, new criticism, structuralism, feminism etc  have been later arisen on the agenda of Qur’anic hermeneutics – parallel to the developments in literary theory. The material which I have looked at is theoretical debates on how to interpret the Bible and the Qur’ān in contemporary world. In this regard, Biblical studies, in the twentieth century, have tended to be in dialogue with various contemporary literary critical theories which are concerned with such questions as the cultural and historical context of the Bible, the meaning and significance of the sacred text, its structure, the relations between the reader and the way of reading the sacred text. This study has examined some of the crucial applications of critical methods to Biblical studies around the concepts of author, text and reader.