“On that day, if the penalty is averted from any, it is due to Allah’s mercy; And that would be (Salvation), the obvious fulfilment of all desire.
Elsewhere in the Quran (11:3), the Holy Prophet (peace be upon him) is instructed to preach:
“(And to preach thus), ‘Seek ye The forgiveness of your Lord, And turn to Him in repentance; That he may grant you Enjoyment, good (and true), For a term appointed, And bestow His abounding grace On all who abound in merit! (note 1495) But if ye turn away, Then I fear for you The Penalty of a Great Day”
The following is taken from “The Holy Quran: Text, Translation, and Commentary note 1495 pg. 514:
“The enjoyment of all good and true things in life refers, I think, to the present life with its limited term, and the abounding Grace refers to the higher spiritual reward, which begins here but is completed in the life to come”
Yusuf Ali, Abdullah. Translation and Commentary of the Quran. Microsoft Word – 011 Hud.doc (quran4u.com)