This paper aims to articulate modern approaches (Watt, Braithwaite, Cupitt, Halefullah etc.) toward the reality of Qur'anic narratives critically and proposes that those narratives are not based on merely imaginative constructions. Nevertheless, regarding the classical understanding of narratives which opposes modern approaches, it claims that narratives are of outstanding significance for human life, as it is presented by modern approaches, hence it is possible that some imaginative constructions play their roles within the Qur'anic narratives. Accordingly, both imaginative constructions and the reality should be taken into considerations in case of understanding the narratives from different perspectives. [ABSTRACT FROM AUTHOR]