NEW YORK — The Metropolitan Museum of Art in New York and the Israel Museum in Jerusalem have jointly acquired a 15th-century illuminated Hebrew manuscript, they announced Monday.

The Mishneh Torah is a rare manuscript with text by the Middle Ages Jewish philosopher Moses Maimonides. It is a synthesis of Jewish law and the second of a two-volume manuscript featuring six large illustrations plus 32 smaller images and marginal decorations. The first volume is housed in the Vatican.

The two institutions said they would share the Mishneh Torah on a rotating basis.

The manuscript was created in 1457 in the style of Northern Italian Renaissance miniature painting. It was restored at the conservation lab of the Israel Museum, where it has been on loan since 2007 and on public view since 2010....