The Video explains that Allah has made different people with different religions, and each person should follow their own religion, especially if they truly believe it is correct. While Islam tolerates other beliefs, the core belief of Islam is that Allah is one and only one God. The speaker says that anyone who believes otherwise is mistaken in their belief according to Islam. However, Islam does not preach intolerance or hatred of others - it only preaches about the oneness of Allah. It is up to each individual and Allah to decide their fate in terms of religious beliefs.