This paper will examine the role of Interreligious Studies under contemporary European conditions marked by structural inequality, intensified religious pluralism, and contested models of secularization and nationalism. Drawing on interdisciplinary perspectives from religious studies, intercultural theology, sociology, and political theory, the paper argues that interreligious engagement in Europe cannot be meaningfully understood apart from asymmetries of power related to history, migration, race, class, and legal recognition. While interreligious initiatives are often framed in terms of dialogue, cohesion, and mutual understanding, the paper aims to critically interrogate whose voices are included, whose religious expressions are normalized, and how inequalities shape both academic knowledge production and practical interreligious encounters. By situating Interreligious Studies within the specific European context—characterized by post-Christian secular frameworks, the governance of religious diversity, and ongoing debates on Islam, Judaism, and minority religions—the paper will draw attention to the importance of taking religious commitments seriously such that religious communities can recognize themselves and their own experience in academic and civic work on religion. It also proposes that Interreligious Studies move beyond harmonizing narratives toward an engagement that addresses conflict, exclusion, and epistemic contestation. Finally, the paper suggests that European interreligious scholarship has a responsibility to critically examine its own normative assumptions and to contribute to more equitable forms of coexistence in pluralist societies. In doing so, Interreligious Studies can function not only as an academic field but also as a critical space for rethinking religion, power, and belonging in Europe.