You can read the whole thing here. It contains links to an original statement by Muslim scholars and the responses from Yale Divinity School.
The Barnabas Fund, which supports persecuted Christians around the world, digs into the Yale statement and shows its flaws. Here is part of the Barnabas Fund's conclusion:
Although we respect and love Muslims, Christians cannot accept Islam as an equal and valid revelation from God. The denial of the deity of Christ and His redemptive work as well as of the Trinity will always stand in the way of interfaith dialogue and co-operation. Just as Muslims cannot accept the Christian denial of Muhammad’s prophethood and the Qur’an’s status as the word of God, so Christians must take a clear stand on the central doctrines of their faith. To do so might result in a loss of popularity and influence, but loyalty and faithfulness to Christ, to His people and to His mission are much more important in God’s eyes.