The panel formed by Egypt’s interim-cabinet to handle the Muslim Brotherhood’s frozen assets ordered on Tuesday the seizing of the Islamist group’s funds.

Additionally, the Brotherhood’s status as a registered NGO has been officially annulled by a government panel headed by Minister of Social Solidarity Ahmed El-Borai, reported Al-Ahram’s Arabic news website.

On 23 September the Cairo court for urgent matters ordered the banning of the Muslim Brotherhood’s activities.

The court also ordered the interim-government to seize the group’s funds and establish a panel to administer its frozen assets until any appeal has been heard.

On Monday, the Muslim Brotherhood officially appealed the court verdict to seize its funds.

The Brotherhood has existed outside of Egyptian law for decades and was only officially formally registered as an NGO in March 2013.

On 24 September, El-Borai said the interim-government postponed dissolving the Muslim Brotherhood until all litigation measures against members of the group are finalised.

Egypt’s State Commissioners Authority, a body that advises the government on legal issues, recommended on Monday the dissolution of the Freedom and Justice party (FJP) – the political wing of the Muslim Brotherhood.

source:  ahramonline