The foundation covenant is the Abrahamic (Gen. 12-13, 17).
Its features are threefold: (1) Personal to Abraham (12:1); (2) to His seed it
promises a land, a nation, and blessing (12:2-3); (3) to the families of the
earth, blessings through Abraham and his seed (12:3). This is an eternal
covenant (Heb. 6:13-18). It was ratified by God alone (Gen. 15:8-18). The
ratification process was to kill an animal, split it in half, and both parties
pass between the pieces of the animal. But here God alone passed through the
pieces, Abraham was asleep. It was God alone binds Himself to fulfill the
covenant.
The significance of the Abrahamic covenant is fourfold: (1)
It was based on the principle of Grace (unmerited favor). God made the covenant
with Abraham by His grace. (2) It is the
title deed to the land of Israel. It gives the land as an inheritance. (3) It
is the basis of expectation and prophecy. It is the basis of the future hope of
Israel (Rom. 11:25-29).
This is the foundation covenant for Israel. It is the root
of all the promises given to Abraham’s seed (Israel). It promises them a land,
a nation, and blessings (i.e. redemption). This covenant was expanded by other
covenants.
The promise of land was expanded by the Palestinian Covenant
(Deut. 30:1-10). This covenant guarantees the land to them, and obligates God
to judge and remove its enemies. This is reaffirmed in Ezekiel 16:60-66.
The promise of a nation is expanded in the Davidic Covenant
(2 Sam. 7:8-16). This promises David an everlasting throne (cf. Psalm
89:34-36). It will be fulfilled in the earthly kingdom when Christ sets upon
the throne in Jerusalem (Rev. 20:6, 11-15).
The promise of blessing and redemption is seen in the New
Covenant (Jer. 31:31-34). Many forget that this covenant concerns Israel—today’s
church is not its fulfillment. While we may received some of the redemptive
blessings by grace, the dispensational blessings of Israel’s conversion is
still future, and this covenant is a foundation of end time events (Rom
9:25-27).
These are what Paul calls the covenants of promise to which
the Gentiles were strangers (Eph. 2:2). Notice Paul’s phrase—covenants of
promise. Not all covenants were covenants of promise. I have heard preachers
say all the covenants were made with Israel—not true. An example would be the
covenant made with all the earth through Noah. We should be careful how we
phrase things. The covenants of promise were made with Israel, not all
covenants. They are covenants of promise
because they build upon the foundational Abrahamic covenant. The Abrahamic covenant
was expanded by the Palestinian, Davidic, and New Covenant—all covenants of
promise. All of which the end time events are based and will be fulfilled.
These covenants of promise necessitate that: (1) Israel as a nation and a
people be preserved; (2) Israel must be in the land at the end times; (3) they
be restored and redeemed when Christ returns and sets up His Kingdom on
earth.