The painting illustrating Jahangir embracing the Safavid king Shah Abbas was rendered by the notable Mughal artist, Abul Hassan, making option 2 the right answer.

Now, let`s go over the other options.

Option 1, Abd al-Samad, was indeed a prominent painter during the early Mughal rule, but he did not paint this specific artwork. He is better known for his work on the "Hamzanama", an epic story of a legendary hero named Hamza.

Option 3, Dasavant, was an influential artist of the Mughal court, but there`s no record of him creating the painting in question. His work mostly focused on vivid details in portraying courtly life scenes.

The last option, Bishandas is known for his detailed realistic portraiture. He was considered a master in painting portraits but he didn`t create the picture of Jahangir and Shah Abbas.

So, while all these artists provided significant contributions to Mughal art, it was Abul Hassan who painted the famous scene of Jahangir embracing Shah Abbas.