You did read that correctly, as it is laid out here. This effectively establishes a State sponsored religion, which is NOT a staple of a Western nation. More proof that Israel is not by any stretch of the imagination that which they claim to be: a Western nation, and the so-called, "shining beacon of democracy in the Middle East."
Turkey delivers aid across border as Syrian forces step up Aleppo assault (Reuters)
from the article: Cabinet approves loyalty oath, but only for non-Jewish new citizens
Netanyahu calls on the international community to 'condemn the desecration of synagogues which is just another result of unending Palestinian incitement.'11:20 07.02.16 | 4 comments