[Allāh] said, "O Iblees, what prevented you from prostrating to that which I created with My hands? Were you arrogant [then], or were you [already] among the haughty?"
Allah mentions this story in Surat Al-Baqarah, at the beginning of Surat Al-A`raf, in Surat Al-Hijr, Al-Isra', Al-Kahf and here. Before creating Adam, peace be upon him, Allah told the angels that He was going to create a human being from sounding clay of altered smooth black mud. He told them that when He finished creating and forming him, they were to prostrate to him as a sign of honor and respect, and out of obedience to the command of Allah, may He be exalted. All of the angels obeyed this command except for Iblis, who was not one of them. He was one of the Jinn, and his nature betrayed him at his time of greatest need. He refused to prostrate to Adam, and he disputed with his Lord about him, claiming that he was better than Adam, because he was created from fire while Adam was created from clay, and fire was better than clay, or so he said. He made a mistake by doing this, and he went against the command of Allah, thus committing the sin of disbelief. So Allah exiled him, humiliated him, and cast him out of His mercy and His sacred Presence, and called him "Iblis" symbolizing that he had Ablasa min Ar-Rahmah (despaired of mercy) -- that there was no hope for him of mercy. He cast him down from the heavens, disgraced and rejected, to the earth. Iblis asked Allah to give him a reprieve until the Day of Resurrection, so the Forbearing One, Who does not hasten to punish those who disobey Him, gave him a reprieve. When he knew that he was safe from destruction until the Day of Resurrection, he rebelled and transgressed.
In verse 75, it was said: لِمَا خَلَقْتُ بِيَدَيَّ (what I created with My hands...):
Here, it is about Sayyidna 'Adam (علیہ السلام) that Allah Ta’ ala has said that it is He who had created him with His hands. There is a consensus among the majority of the Muslim Ummah that "hands" do not mean that Allah Ta’ ala has hands as human being do. The reason is that Allah Ta’ ala is absolutely pure and free from the need of body or its active limbs. Therefore, it means the power and control of Allah Ta’ ala and that the word: یَد (yad: hand) is commonly used in the Arabic language in the sense of power - for example, it was said: بِيَدِهِ عُقْدَةُ النِّكَاحِ (in whose hand lies the marriage tie - 2:237). Therefore, the verse means: 'I created 'Adam with My power.' For that matter, everything in this universe owes its creation to nothing but Divine power. But, when Allah Ta’ ala intends to manifest the particular sublimity of something, He would specially attribute it to Himself, for instance, by such attribution the Ka'bah becomes Baytullah, the House of Allah; the she-camel of Sayyidna Salih نَاقۃُ اللہ 'nagatullah', the She-Camel of Allah; and Sayyidna ` Isa ' (علیہ السلام) - 'kalimatullah,' 'the Word of Allah' or 'ruhullah,' 'the Spirit of Allah.' Here too, this attribution has been introduced there to enhance the grace of Sayyidna 'Adam (Qurtubi)l
1. This interpretation is based on the line adopted by some theologians. The others are of the view that the word 'yad' (hand) used for Allah does not refer to a limb like the hand of human beings. It is rather an attribute of Allah Ta ala, the exact nature of which is unknown. The third view is of some other elders who abstain from indulging in the interpretation of such expressions and prefer to keep silent about them, and leave their exact meaning to Allah Ta ala. Muhammad Taqi Usmani.
Tazkirul Quran
Maulana Wahiduddin KhanOn ayahs 70–77
It is stated in the Quran that Satan had become man’s enemy from the very first day. He dissuaded Adam’s progeny from adopting the right path by his glib and deceitful talk. Man should therefore be wary of Satan and try to save himself from his evil designs. Satan pursues man at all times and, surreptitiously entering his thoughts, manages to misguide him. Man must save himself from Satan and his promptings.
Uthmani text of the Madinah mushaf (King Fahd Complex). Translation: Saheeh International. Tafsir via Quran.com.