No. Its quite complicated actually. Anti semitic language is illegal because Jews are defined by their religion. I.e. the racial and religious group are considered one and the same, so remarks designed to cause offense to a follower of Judaism are illegal under racial hatred laws because that person is a Jew. Similarly with Sihks.
But the govt so ****ed off the Muslims over the war in Iraq, that they deserted Labour en masse at the election. Some idiot thought it might win them back if they brought in a bill to make it illegal to give offense or incite hatred on religious grounds alone.
The govt keeps stressing that they are trying to protect the believer and not the belief. But that is not how it will work in practice. And if you think about it how can you protect the believer from remarks that he finds offensive but by ring fencing his religious beliefs?
And as religion was not defined in the legislation, it gives protection to all sorts of wacky cult groups, pagans, wiccans, satanists, even the Methodists