Israel's parliament, the Knesset, is set to vote on Monday on the final readings of a bill that would allow the death penalty for Palestinian prisoners convicted of "terrorism".

The legislation has drawn criticism for violating the right to life and for its potentially discriminatory application, with Palestinians facing execution while Jewish offenders likely receiving prison sentences for similar crimes.

On Sunday, the foreign ministers of Germany, France, Italy and the United Kingdom urged Israeli authorities to "abandon" the vote.

"We are particularly worried about the de facto discriminatory character of the bill," they said in a joint statement, warning it could undermine Israel's commitment to democratic principles.

"The death penalty is an inhumane and degrading form of punishment without any deterrent effect… The rejection of the death penalty is a fundamental value that unites us."