Two members of the public and two police officers were in the hospital with non-life-threatening wounds.
The terrorist has been neutralized by a civilian, according to Maariv, and an additional suspect was captured nearby.
Alid had first used two knives to attack his sleeping housemate, to whom became aggressive after learning of his conversion to Christianity, stabbing him six times while shouting "Allahu Akbar."
One terrorist attempted to stab IDF soldiers, while a second terrorist shot at soldiers from Palestinian territory, Israeli media reported.
Police from the joint counter terrorism team questioned the boy, who is in a hospital under police guard recovering from injuries.
Though relatively unknown to the wider world, the bishop has carved out a significant following online among other Christians and those in the Assyrian community.
It was the second major stabbing attack in just three days, after six people were killed in a knife attack at a beachside mall in the Bondi area.
The three teenagers allegedly got into an altercation with the victim on the bus before following him off and stabbing him.
The BBC, citing local media, reported that four people have been killed.
The victim is now in stable condition after receiving surgery and police are still reportedly searching for a suspect.