Who are the Jews and Christians who will enter Paradise?
Question

                For the time being, I do not have the resources to quote the exact Quranic verse, nor can I tell you what sura it has been taken from. However, I believe it is a  common verse. I understand little Arabic; hence I found that in English. The verse can be interpretted as such:
The godfearing Jews, muslims and christians will not have fear (on that day).
I am not exactly sure of the bracketted phrase.
Now my question to you: is it mistranliteration?
We know that christians and jews in general cannot be hoped to have any
sanction in the life hereafter. So, how do we understand the verse?
Praise be to Allah.What you refer to in your question is mentioned in two similar aayaat
    in the Qur’aan. The first of them is the aayah (interpretation of the meaning): “Verily,
    those who believe and those who are Jews and Christians, and Sabians, whoever believes in
    Allaah and the Last Day and do righteous good deeds shall have their reward with their
    Lord, on them shall be no fear, nor shall they grieve.” [al-Baqarah 2:62]
The second is the aayah (interpretation of the meaning): “Surely,
    those who believe, those who are the Jews and the Sabians and the Christians –
    whosoever believed in Allaah and the Last Day, and worked righteousness, on them shall be
    no fear, nor shall they grieve.” [al-Maa’idah 5:69]
In order to understand these aayaat correctly, we need to refer to the
    scholars of Tafseer (Qur’aanic commentary). The great Imaam Ismaa’eel ibn
    Katheer, may Allaah have mercy on him, said in his tafseer of the aayah from Soorat
    al-Baqarah:
“Allaah, may He be exalted, points out that whoever of the
    previous nations did well and was obedient, will have a good reward, and this will be the
    case for everyone who follows the Unlettered Prophet [Prophet Muhammad 
 (peace and
    blessings of Allaah be upon him) until the Hour comes – he will have eternal
    happiness, and they will not fear what they are going to face, nor will they grieve for
    what they have left behind. As Allaah says (interpretation of the meaning): ‘No
    doubt! Verily, the awliya’ of Allaah [i.e., those who believe in the Oneness of
    Allaah and fear Allaah much, and love Allaah much], no fear shall come upon them nor shall
    they grieve.’ [Yoonus 10:62]. And Allaah tells us what the angels say to the
    believers at the time of death (interpretation of the meaning): ‘Verily, those who
    say, “Our Lord is Allaah,” then they istaqaamu [stood straight, i.e.,
    truly followed Islam], on them the angels will descend (at the time of their death)
    (saying): “Fear not, nor grieve! But receive the glad tidings of Paradise which you
    have been promised!”’ [Fussilat 41:30]
As far as the Jews are concerning, their faith meant believing in the
    Tawraat (original Torah) and following the way of Moosa (peace be upon him) until
    ‘Eesa came, after which whoever continued to follow the Torah and the way of Moosa,
    and did not leave this and follow ‘Eesa, was doomed. As far as the Christians are
    concerned, their faith meant believing in the Injeel (original Gospel) and following the
    laws of ‘Eesa; whoever did this was a believer whose faith was acceptable to Allaah,
    until Muhammad 
 (peace and blessings of Allaah be upon him) came, after which whoever
    did not follow Muhammad 
 (peace and blessings of Allaah be upon him) and leave the way
    of ‘Eesa and the Injeel that he had been following before, was doomed. 
The aayah (interpretation of the meaning), “And whoever seeks a
    religion other than Islam, it will never be accepted of him, and in the Hereafter he will
    be one of the losers” [Aal ‘Imraan 3:85] is a statement that Allaah will not
    accept any way or deed from anyone, after sending His Final Messenger, except those that
    are in accordance with the laws of Muhammad 
 (peace and blessings of Allaah be upon
    him). Prior to this, however, anyone who followed the Prophet of his own time was on the
    Straight Path of salvation. So the Jews were those who followed Moosa (peace be upon him)
    and referred to the Tawraat for judgement at that time. When Allaah sent ‘Eesa (peace
    be upon him), the Children of Israel were obliged to follow him and obey him, and so they
    and others who followed him became Christians.. When Allaah sent Muhammad 
 (peace and
    blessings of Allaah be upon him), as the Final Prophet and a Messenger to all the children
    of Adam, all of mankind was obliged to believe in him and obey him, and refrain from what
    he prohibited. Those who did so are the true believers. The ummah (nation) of Muhammad
    
 (peace and blessings of Allaah be upon him) are called the believers because of their
    deep eemaan (faith) and conviction, and because they believe in all the past Prophets and
    in the prophesied events that are yet to come.”
Commenting on the aayah in Soorat al-Baqarah, Ibn Katheer (may Allaah
    have mercy on him) said: 
“What is meant is that every group believed in Allaah and the Last
    Day, which is the appointed Day of Reckoning, and did righteous deeds. But after Muhammad
    
 (peace and blessings of Allaah be upon him) was sent to both mankind and the jinn,
    true belief can only be in accordance with the way of Muhammad 
 (peace and blessings
    of Allaah be upon him). Whoever follows his way will not fear the future or grieve for
    what they leave behind.