According to a police official the money was transferred to five accounts belonging to Naik's family members, reports the Times of India.
The report said police is yet to find out the purpose of the transactions but they have claimed to have conducted an inquiry and found the money trail.
Wishing anonymity, the police official said: “The account does not belong to Naik's NGO Islamic Research Foundation (IRF) but is his own. Police are looking into the financial transactions of Naik and the IRF.
"We may question them [IRF officials] about the source of income, the connection between the depositors and Naik.”
A decision on whether to initiate action against Naik's two NGOs under the Foreign Contributions (Regulation) Act 2010 is yet to be taken.
The Union Home Ministry is examining possible FCRA violations by IRF and IRF Educational Trust, both registered as "educational" NGOs under FCRA but reportedly receiving and utilising foreign funds for "religious and religion-linked" activities.
A source close to the Islamic preacher said: "There is no illegal transaction. The money came into the bank account, and all the records of IRF have been cleared till 2015 by the Income-Tax department. Whatever money came is in white and all the records are maintained. This also helps the country's foreign exchange grow."
On the other hand, Mumbai police are also probing the accounts of an international school run by Naik.
Zakir Naik has been under the scanner after a probe into the Dhaka attack revealed two of the attackers were inspired by him.
Twenty hostages and two police men were killed in the attack at Holey Artisan Bakery on July 1.
Thursday, June 04, 2026
