This dissertation examines some of the recent challenges the accelerating process of globalization has created for Christians and Muslims as they respond to religious others, especially those in close proximity (i.e., religious plurality). After surveying and categorizing ways these two world religions have reacted to this religious plurality, a brief history of contemporary Christian-Muslim dialogue is given, along with an outline of the current points of agreement and impasse which have been reached during recent Christian-Muslim conversations. In an attempt to move beyond some of these impasses and provide fresh subject matter and motivation for future Christian-Muslim dialogues, the inclusive theologies of religions of Christian theologian, Wolfhart Pannenberg and Islamic scholar and ethicist, Abdulaziz Sachedina are examined and explicated in depth, as well as briefly critiqued. Then these two views are compared and contrasted with one another to mine some of the rich resources present within them. Crucial points of disagreement and difference are also noted since, according to Pannenberg, such places of difference (against the pluralist tendency to highlight areas of mutual agreement) are the junctures of greatest interest and potential fruitfulness in our interfaith conversations with one another. Using these respective theologies of religions, new avenues of interfaith dialogue between Christians and Muslims in particular, and all world religions in general, further open up. These include ways to insure contemporary societies are characterized by religious plurality, genuine freedom, interreligious conversation, cooperation and overall moral rectitude. Special attention is given to the problems of religious apostasy and the foundational idea of God in religious affection. Finally, specific suggestions and subjects are offered to encourage Christian-Muslim dialogue to continue to move forward, focusing on the nature of God, salvation, divine revelation and translation, mission and conversion, as well as social and ethical collaboration.