Yes!

Allah says: "Shall We tell you the greatest losers in respect of their deeds? Those whose efforts have been wasted in this life while they thought that they were acquiring good by their deeds. They are those who deny the revelation of their Lord and the meeting with HIM (in Hereafter). So their works are in vain and on the Day Of Resurrection We shall not given them any weight. That shall be their recompense, Hell; because they disbelieved and took My revelation and My Messengers by way of jest and mockery. Verily, those who believe (in the Oneness Of Allah-Islamic Monotheism) and do righteous good deeds shall have the Garden of Paradise for their Entertainment." (Quran)