In a post on his Twitter page, 25-year-old Mohamed, who is Muslim, explained his decision not to play on Sunday night.
Nantes striker Mostafa Mohamed has been fined by his club after refusing to play at the weekend in a protest against an anti-homophobia campaign in France's Ligue 1, the struggling side said on Monday.
Toulouse winger Zakaria Aboukhlal, a Moroccan international, was also suspended from taking part in the weekend games.
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In a post on his Twitter page, 25-year-old Mohamed, who is Muslim, explained his decision not to play on Sunday night.
"I respect all differences. I respect all beliefs and all convictions. This respect extends to others but my personal beliefs must be respected as well
Given my roots, my culture, the importance of my convictions and beliefs, it was not possible for me to participate in this campaign. I hope my decision will be respected," he wrote on Twitter.
The decision only to fine, rather than suspend, Mohamed ensures that Nantes will not deprive themselves of a player who has scored 11 goals this season as they sit one point from safety with three games of the season remaining.
Mohamed refused to take part in his team's 0-0 draw at Toulouse to avoid being associated with the campaign, despite Nantes desperately needing points as they seek to climb out of the relegation zone.
The club said the Egyptian International would be "punished financially" for "refusing to play against Toulouse for personal reasons at a time when FC Nantes are fighting to avoid relegation".
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Nantes added that the money would be donated to a charity that supports members of the LGBTQ community who are victims of discrimination.
The numbers on shirts of all players in France's top two divisions, as well as armbands worn by captains and officials, were rainbow-coloured as the French league staged a campaign against homophobia.
The rainbow-adorned shirts will be sold at auction with the proceeds going to three charities active in fighting LGBTQ discrimination.
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On their part, Toulouse added that Aboukhlal had been sidelined after a verbal spat with a female city politician on April 30. The club said the Moroccan would not train with the main squad until further notice.
As reported by AFP, Aboukhlal allegedly told Toulouse's deputy sports official Laurence Arribage that "in his country, women don't speak to men like that" when she asked him to keep the noise down at a party to celebrate the club's French Cup victory over Nantes.
The Moroccan had justified refusing to play on Sunday, May 14 by saying on Instagram that "respect is a value that I hold in great esteem. It extends to others, but it also encompasses respect for my own personal beliefs".
"I sincerely hope that my decision will be respected just as we all desire to be treated with respect."
Meanwhile, French government spokesman Olivier Veran called the refusal by certain players to play in protest at the anti-homophobia campaign "rubbish" and "anachronistic".
"We live in a world today... in which everyone is free to love who they want," Veran told television station France 2.